Employers in France to come under tougher industrial laws

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2012-06-10

France's jobless rate is at its worst level for the past two years.

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With new data showing that the French economy is slowing rapidly, France's new Socialist government has made it clear it will not accept the laying off of workers.

Labour Minister Michel Sapin has said he will take urgent measures to ensure unemployment among young people does not increase.

The youth rate currently stands at 22.5 percent.

Legislation is expected later in the year which will make it prohibitive for companies to get rid of employees.

Mr Sapin said he would not accept companies cutting workers just to improve profitability and boost dividends to shareholders.

President Francois Hollande took over the presidency last month on a promise to tackle France's soaring unemployment.

Source: France News.Net

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