Displaying items by tag: reforms

Friday, 01 September 2017 10:42

France: Macron’s test on labour reforms

France has an unemployment rate of 9.5%, double that of the other big European economies, and President Macron has vowed to cut it to 7% by 2022. The country's unwieldy labour code, 3,000 pages long, is a straitjacket for business. Macron's popularity has plummeted recently as he begins his drive to overhaul the rigid labour laws, giving the details first to the unions and bosses' organisations and later to the public. He promised a ‘revolution’ to free up the energy of the workforce, making it easier for bosses to hire and fire. Protests against the plan, spearheaded by the far left, are expected on 12 September, but two of the biggest unions will not take part.

Published in Europe