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Home News Workforce

French President Wants Companies To Share More Profits With Workers

Amidst widespread protests surrounding his unpopular pension reform, on Wednesday French President Emmanuel Macron declared that he wanted the government to put forth measures to ensure companies allocate a larger share of their profits to their workers.

Emma AscottbyEmma Ascott
March 22, 2023
in Workforce
Reading Time: 1 min read
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French President Wants Companies To Share More Profits With Workers

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What’s going on:    

Amidst widespread protests over his unpopular pension reform, on Wednesday French President Emmanuel Macron shared in a rare TV interview that he wishes for the government to initiate measures to make sure that companies are distributing a larger portion of their profits to their employees.   

Why it matters:  

His statements came shortly after he narrowly evaded a no-confidence vote in parliament, according to Reuters.  

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“We have big companies that are in the process of buying back their own shares…we need to find the right way, but they must share (profits) more with their employees,” Macron said. 

Finance Minister Bruno Le Maire urged the government to take action in implementing an “exceptional contribution” to the benefit of workers — a substantial increase in contributions to profit-sharing schemes by corporations with over 5,000 staff members who buy back their own shares.  

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How it’ll impact the future:  

Le Maire suggested that a doubling of profit-sharing schemes could be a reality, as the government would be offering unions and employers a proposal for negotiations in order to reach an agreement.

Source: Reuters
Tags: Workforce
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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