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Tag: President Francois Hollande

Record French jobless claims hurt Hollande

Monthly increase in jobless claims eases to 10pc year-on-year but still hits all-time high in July. Although data show signs of youth unemployment falling, Hollande remains under pressure to fulfil promise to boost jobs by end-2013 ...

French workers, firms to pay more in pension reform

French president Hollande’s proposed reform – aimed at closing a looming US$27-billion pensions deficit – is under close scrutiny from markets and EU partners, as business chiefs say reform will increase tax burden. Reforms extend payment period from 41.5 years to 43 years by 2035, but leave untouched the legal retirement age of 62 ...

No Liberté on French Sundays despite joblessness

Even in the face of record French joblessness, most retail establishments across France are being prevented by unions and the Socialist government of President Francois Hollande from opening on Sundays, thanks to a more than 100-year-old law ...