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Thursday, August 28, 2014

New French economy minister takes aim at 35-hour week

Newly-named French Economy Minister Macron attends the official handover ceremony at the Bercy Finance Ministry in Paris France's new pro-business Economy Minister Emmanuel Macron ran into trouble with trade unions on Thursday for suggesting companies could be allowed exemptions to France's 35-hour week. The 35-hour week was introduced by a previous Socialist-led government in 2000 in a bid to redistribute work and create jobs and is fiercely protected by the French left - despite the fact that many French in reality work much longer hours than that. In an interview with weekly Le Point just before his appointment on Tuesday but only released on Thursday, the former banker backed further labor market reform because "that does not have a deflationary impact and could restore confidence". President Francois Hollande's government has introduced modest reforms to the labor market but stayed well clear of changing the 35-hour working week.




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