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French carmaker PSA

French carmaker PSA uses Macron reforms for 1,300 redundancies


French carmaker PSA

French carmaker PSA said Tuesday that it would make 1,300 people redundant under labour reforms pushed through by President Emmanuel Macron, the first big company to take advantage of the looser layoff laws.

Macron ran his campaign on a pledge to make businesses more competitive by making it less expensive to hire and fire workers, part of the former investment banker's push for a "French renaissance".

In September, he used executive decrees to shake up collective bargaining rules, overcoming the resistance of the far left and some labour unions.

French carmaker PSAEmmanuel Macronlabour reforms

 

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