Tuesday, June 18, 2019

French Jobless Benefits on the Block in Macron’s Next Reform

Emmanuel Macron is taking aim at French unemployment benefits, sparking the wrath of the country’s labor unions just as the Yellow Vest protests subside.

The president is pushing through the last phase of his overhaul of France’s labor market after easing restrictions on hiring and firing in 2017 and boosting training programs in 2018. The new measures, which include financial penalties for companies and cuts to welfare checks, aim to deliver 3.4 billion euros ($3.8 billion) of savings and cut unemployment by at least 150,000 in the next three years, Prime Minister Edouard Philippe said. “I’m convinced this will combat mass unemployment,” Philippe said. “Our aim is to end an illusory security.” Read More