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29 December 2009
The percentage of workers aged 55 to 64 in France trails behind the European Union target, Le Figaro reports.
The government is now trying to reach the Brussels target as soon as possible. As from 1 January 2010 all companies of 50 employees and more, which do not have a plan of action in place on how to reach the target will have to pay a fine of 1% of total salaries to the government.
However, the French Minister for Labour, Xavier Darcos, has just announced a three months' period of grace for companies, which employ between 50 and 300 employees in order to enable them to get their house in order.
The Minister said "for all companies with more than 300 employees the law will apply. Companies should see this as an opportunity to put an end to a formidable waste of human competence. They should socially innovate."