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France Unveils Contentious Labor Overhaul in Big Test for Macron

2017-09-01 1 Dailymotion

France Unveils Contentious Labor Overhaul in Big Test for Macron<br />Mr. Cette said that We cannot wait for this reform to be the solution to France’s problems,<br />It’s double-edged: The goal is to make the market more fluid." "Macron wants to break with the old system," Ms. Bénassy-Quéré said, adding<br />that the fluidity would mean that while at first more people might experience periods of unemployment, the hope is that it will be short term.<br />Gilbert Cette said that This reform brings a radical change, a big bang in the functioning of the French labor market,<br />Michel Pigenet said that Macron has amplified something that has been in the air for a bit: to move labor negotiations closer to the ground,<br />" he said, referring to the decentralization of labor negotiations especially for smaller companies.<br />that This is a new approach that turns the market upside down completely,<br />Karel Lannoo said that There’s no long term sustainability for the eurozone if France is not managing<br />to reform structurally like for example what Spain did, what Portugal did a bit, what Ireland did,

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