Macron Presents Labour Reforms to Unions

French president Emmanuel Macron has presented to unions his plans for landmark labour reforms, a flash point issue that sparked violent protests last year, amid signs the economy is finally gaining traction.

During his electoral campaign, Mr Macron, 39, made loosening labour market regulations a top priority, saying he would seek parliament’s approval over the summer for powers to push through legislation by means of executive decree.

The Europhile centrist wants to make hiring and firing easier and to move France’s collective bargaining on wages and working time from the industry to the company level, as well as placing a cap on severance packages awarded by industrial tribunals.

The Telegraph

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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