What should be done with the old employees of Usinor ? Prediction and retrospective analysis

The steel industry, having helped reconstruct the country, was in a state of collapse at the end of the 1970s. It was forced to reduce its workforce drastically. In the years that followed, entire regions found themselves socially devastated, which sparked off conflicts on a vast scale. Lowering the retirement age was not enough to stop the disaster escalating. The decision was made to force people to take early retirement at the age of 50. However, the authorities, which had already given 100 billion Francs, did not want to pay any more. At this moment, Usinor achieved an amazing feat : new measures, in which no one believed, enabled them to avoid having to offer complete early retirement. Steelworkers once again worked up to the age of 60, and this transition took place without difficulty…