French PM Pushing for Labor Reform
World Economy

French PM Pushing for Labor Reform

French Prime Minister Manuel Valls said Sunday he would push ahead with a controversial labor reform bill, but promised “improvements” to the proposed text after meetings with union and business leaders, RFI reported. Unveiled in mid-February and greeted with howls of protest from trade unions, the plans would make it easier for companies to lay off workers. “We have to improve and complete this draft law. But what we cannot do is maintain the status quo,” Valls said in an interview with the weekly newspaper Journal du Dimanche. “(We) cannot stand still even for a second. This labor law means more transparency for businesses and more protection for employees,” he said. The prime minister will meet with business and union heads from Monday, while a number of organizations have called strikes for Wednesday and demonstrations later in the month to protest against the plans. Valls faces strong opposition from the left wing of his own Socialist Party, while seven in 10 French are opposed to the changes, according to a poll.

Short URL : http://goo.gl/8M0uq7
  1. http://goo.gl/47xSeF
  • http://goo.gl/pF8Hnm
  • http://goo.gl/WmkjNr
  • http://goo.gl/DwgEiJ
  • http://goo.gl/vQEsKZ

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...