PARIS – The Latest on France’s planned labor reforms (all times local):
France’s prime minister says five bold, and divisive, labor reforms are meant to “cure” not “treat the symptoms” of France’s long-standing jobless late.
Prime Minister Edouard Philippe said, while announcing the planned reforms on Thursday, that the aim is to “make up for lost years, missed occasions.” He says “it probably would have been easier and less risky to treat the symptoms rather than cure them.”
He stressed that President Francois Macron was elected in May to make changes that have a deep impact on labor law and labor relations.
The five measures will be passed via a special procedure at parliament to avoid lengthy debate and ratified by year’s end.
French President Emmanuel Macron faces his biggest test yet with the release of a divisive pro-business labor reform that he hopes will foster stronger growth and reduce the country’s stubbornly high unemployment rate by revolutionizing the way the French work.
But the high-stakes move Thursday comes just as his popularity is…