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 Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam