January 30, 2014

Hollande Challenges French Labor Unions

Peter Gumbel, Reuters

The Associated Press

This issue of the disproportionate power of French unions has become the biggest challenge confronting President François Hollande, now that he has sorted out his private life. In an affront to unions — and a move critics in his Socialist Party are calling a shift to the right — Hollande is advocating a new “responsibility pact,” under which companies would see their high social security costs reduced in exchange for creating jobs. Labor unions dislike the initiative because they believe it will mean cuts to social spending, which they oppose, and they don’t trust employers to create jobs in return. Even the more moderate unions that are prepared to accept some sort of a deal are insisting on a formal list of obligations that employers must fulfill...

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TAGGED: France, Francois Hollande

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