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The international left's new favorite politician and leader of the free world Emmanuel Macron is getting started!
He's attacking the struggling economy and high unemployment rates with his 'renovation sociale'. Both are caused by an overblown social sector + welfare state + France not being business friendly enough as Macron rightfully points out.
His reform introduces ceilings for financial compensations which a court can grant to an employee if he's fired without justifiable reasons. This reduces the costs for businesses that fire their employees, which makes a lot of sense. It makes it much easier for employers to lay off workers if their company is in financial trouble.
Another related measurement, which was demanded by employers, is a reduction of time limits for litigations when an employment contract is terminated.
When it comes to cooperation tax, Macron targets a reduction from 33% to 25%. That's also is an excellent idea and certainly will help with GROWTH, which means JOBS JOBS JOBS.
Furthermore, Macron's reform makes France more attractive for multinational cooperations which want to establish a subsidiary in France. Labor rights will be adjusted so that dismissing employees for economic reasons will be easier for international cooperations because the relevant geographical zone when looking at financial problems will be reduced.
Together with his plan to cut 120,000 civil service jobs, this looks very promising for France.
Leftists criticize his plans for being "business first" but that's just another case of the left eating their own I guess.
http://www.lemonde.fr/politique/art...flottements-de-l-executif_5145001_823448.html
https://www.lesechos.fr/economie-fr...rs-beaucoup-plus-larges-quannonce-2098017.php
He's attacking the struggling economy and high unemployment rates with his 'renovation sociale'. Both are caused by an overblown social sector + welfare state + France not being business friendly enough as Macron rightfully points out.
His reform introduces ceilings for financial compensations which a court can grant to an employee if he's fired without justifiable reasons. This reduces the costs for businesses that fire their employees, which makes a lot of sense. It makes it much easier for employers to lay off workers if their company is in financial trouble.
Another related measurement, which was demanded by employers, is a reduction of time limits for litigations when an employment contract is terminated.
When it comes to cooperation tax, Macron targets a reduction from 33% to 25%. That's also is an excellent idea and certainly will help with GROWTH, which means JOBS JOBS JOBS.
Furthermore, Macron's reform makes France more attractive for multinational cooperations which want to establish a subsidiary in France. Labor rights will be adjusted so that dismissing employees for economic reasons will be easier for international cooperations because the relevant geographical zone when looking at financial problems will be reduced.
Together with his plan to cut 120,000 civil service jobs, this looks very promising for France.
Leftists criticize his plans for being "business first" but that's just another case of the left eating their own I guess.
http://www.lemonde.fr/politique/art...flottements-de-l-executif_5145001_823448.html
https://www.lesechos.fr/economie-fr...rs-beaucoup-plus-larges-quannonce-2098017.php
