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Leaders of the 98 largest private companies in France have got together, urging the government to lower labour costs in a public appeal to the President Francois Hollande. The plea was supported by some of the largest staffing companies in the world, Adecco and ManpowerGroup, and also focussed on the much-debated tax system.
The firms have made their appeal public in the Journal du Dimanche. This urges the government to lower labour costs, boost growth, and make the country more “efficient.”
It said the State had to make more savings and reduce payroll taxes which are weighing heavily on average salaries. The letter asked the government to ensure France can offer a “favourable tax environment” for companies.
The CEOs of some of the country’s biggest companies are also demanding better integration of young people in the labour market. Employment prospects have to be improved and better training should be offered, they said.
Head of ManpowerGroup France, Francoise Gri, said: “This is not an ultimatum but proposals because we believe it is urgent and that the economic situation is deteriorating. This is not a war, it is to be heard.”
She argued that the proposals will make the labour market more competitive by lowering social security contributions, funded by an increase in VAT and reductions in public spending.