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.
China Downgrade Irons Australian Dollar
Commodities Diverge in Asian Trading
USD/CAD Canadian Dollar Lower After USD Rebound ahead of BoC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- OANDA Market Insights podcast with Jazz FM - 06/22/2018
- All eyes on OPEC - 06/22/2018
- GBP rallies on hawkish BoE - 06/21/2018