Reuters reports:
"France will scrap a planned youth job contract that has provoked weeks of protests and a political crisis, France will scrap a planned youth job contract that has provoked weeks of protests and a political crisis, President Jacques Chirac said on Monday. Prime Minister Dominique de Villepin, who has championed the job law and seen his poll ratings plunge as a result, said in a televised statement he regretted that events had shown the contract could not be applied."
Just to put things in perspective, here’s what the new law lays out for companies over 20 employees for employees under 26 years old:
- Employment shall be at will for a period of 2 years;
- Notice of layoffs shall be 2 weeks if the length of employment was between 2 and 5 months, and one month if the length of employment was over 5 months; and
- Severance pay shall be 8% of gross pay for the employment period.
Yes, that is what some of France’s youth is bitching about. Shocking, isn't it.
The BBC reports:
"Union and student leaders said it was a “great victory” but it is not clear if protests set for Tuesday are still on. Student leader Julie Coudry called for protesters to lift blockades at dozens of universities so students could prepare for their end-of-year exams. “The CPE is dead, the CPE is well and truly finished,” she said."
Good god, Julie, the CPE is certainly dead, but the French economy isn't doing very well either.
Craig Smith for the New York Times best summarises the situation with France:
"Many people have compared the current protest to the famous French student movement of 1968. But that movement sought to change the world, the current one is trying to stop the world from changing."
So it seems that French employers can now look forward to hiring this enthusiastic graduating class who have gained victory and political paralysis by means of car burning, anarchy and socialist manipulation.
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