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France’s Finance Chief Says It’s Time For The French To Work Harder

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

Emma AscottbyEmma Ascott
November 4, 2024
in News
Reading Time: 1 min read
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France’s Finance Chief Says It's Time For The French To Work Harder

French Economy, Finance and Industry Minister Antoine Armand attends a debate session on the first part of the 2025 budget bill (PLF) at the National Assembly in Paris, France, October 22, 2024. REUTERS/Stephanie Lecocq/File Photo

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People in France must work more, Finance Minister Antoine Armand said on Monday, adding that the fact that French people worked less than their counterparts in Europe was harming the economy due to lower tax contributions and social security payments.

The government is examining reforms to speed up its sluggish economic growth, although changes to work practices are often opposed by trade unions.

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“On average, a French person works clearly less than his neighbors, over the course of a year,” Armand told C News TV.

“The consequence of this is fewer social security payments, less money to finance our social models, fewer tax receipts and ultimately fewer jobs and less economic growth.”

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France, the euro zone’s second biggest economy, wants to cut its public deficit to a targeted 5% of GDP by 2025.

The country’s 35-hour work week, introduced in 2000, has typically been fiercely defended by trade unions, while reforms to France’s pension system have also faced widespread protests.

“Let’s all work a bit more, collectively speaking, starting off by making sure that everyone respects the working hours that they have been given, in all sectors,” Armand said.

(Reporting by Sudip Kar-Gupta; Editing by Bernadette Baum)

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Source: Reuters
Tags: LeadershipNorth AmericaProductivityWorkforce
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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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