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07 June, 2017

France’s Macron targets labor law reform by end of summer

French President Emmanuel Macron will push through pro-business reforms to France's labor laws by decree before the end of the summer, according to a document handed to trade unions at a meeting with Macron and his prime minister on Tuesday.

Macron said during the presidential election campaign that he intended to use executive decrees to overhaul the labor code in a country where the cost of hiring and firing is seen as a deterrent to investors, and where unemployment is near double-digits. Macron’s La Republique En Marche party is on course to win a landslide majority in this month’s legislative elections, opinion polls show.

His ability to reform France’s regulation-laden economy will be closely watched by EU partners, in particular Germany.

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