Monday, August 7, 2017
The labour market liberalisation sought by President Emmanuel Macron goes beyond the reform passed by the previous Socialist-led government last July, which lost some of its substance because of parliamentary obstruction.
- Controversy around Labour Minister Muriel Penicaud’s past stock option deals may undermine public support for the reform.
- The planned labour market reform could reduce France’s unemployment rate in the medium to long term.
- There is a risk of social and industrial unrest from September onwards as the most militant trade unions try to capsize the reform.