and then takes the risk of being prosecuted itself

It is a thorn in the foot of François Pérol, the pattern of the future Fund of savings-bank popular set. The unions of the squirrel, meeting yesterday in Committee group, were ready to block the merger between the two banks. "The elected representatives of the Group Committee consider that the project as it is presented in the State does not allow all of the companies of the Group Caisse d'Epargne IRPS to give an informed opinion," said the intersyndicale. However, any delay in the process of information-consultation of the staff representatives would jeopardize the chances of the merger concluded June 30. And then the entire process could be offset, especially for reasons of valorisation of the inputs.

The Caisses d'Epargne group Committee met yesterday for more than two hours. Mandated by the trade union organizations, cabinet Sacef issued its report on the project of reconciliation. "This report is also pessimistic on the merge that one which was commissioned by the Committee of the Banques Populaires group, point to a number of questions to which branch does not answer," says this trade unionist at the meeting. The elected representatives of the staff have therefore claimed to François Pérol three clarifications: a strategic project and its practical adaptations to 2012; the "business plan" that flows from and its declensions by companies and the impact on employment at the level of the new central body (NOC), Caisses d'Epargne network and the subsidiaries of the Group companies.

Judicial guerrilla

"We will bring these clarifications, the timing of the merger is not changed," assure in the entourage of François Pérol, which States that the Directorate has already replied to 2,200 questions submitted by the trade unions. "The meeting was tense, Perol has been provocative, it is not usual, by saying that, if it continued like that, it could also wait until 2020 to get all the elements of response and we make our opinion," said a trade unionist.

The case is complex and may well be resolved before the courts. This is not committees of the two banks group, but the committees of each Caisse d'Epargne and Banque Populaire business regional (or 37 in total) for an opinion on the merger. They are all called for here to on 20 June to decide. "Each has its sensitivity and will have to decide in conscience to give or not give notice, said a connoisseur of both groups." Unit of trade unions of Caisses d'Epargne leaves but anticipating blockages. "With the Banques Populaires, unions are demanding more information, but seem less offensive.

What happens if one or more that do not notice Branch assigns justice the unions for a crime of interference, either it passes in addition... and then takes the risk of being prosecuted itself. In any case, a single this could delay the entire process. He is remembered for judicial guerrilla between GDF, Suez and their trade unions, which had made their never-ending merger. "It is an iron arm who undertakes, summarizes the same source.". Trade unions do not necessarily want to derail the merger, but they know that the direction is constrained by the calendar and are pressing for counterparties in terms of maintenance of jobs.