WHEN he launched his political movement last year, Emmanuel Macron said that he wanted to “unblock” France. Four months after he was elected president, his government on August 31st unveiled its first piece of legislation designed to do just that. It is a labour reform, consisting of 36 measures, which should help to loosen the labour code, encourage job creation and make it easier for firms to manage their headcount in France. “After decades of mass unemployment,” said Edouard Philippe, the prime minister, “nobody can seriously say that our labour law favours job creation.” The reforms, he said, would “make up for lost decades.”
The changes are wide-reaching and impressive, and rest on a number of guiding principles. One is that industrial relations must be devolved to the level of the firm. Employers will get more freedom to negotiate working time and salaries within their firm, rather than having to stick to branch-level agreements. France’s rate of...Continue reading
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