WHEN FRENCH COLLECTIVE LABOR AGREEMENTS FORCE COMPANIES TO DIVEST

WHEN FRENCH COLLECTIVE LABOR AGREEMENTS FORCE COMPANIES TO DIVEST

French newspapers largely reported the agreement that was reached on 11 January 2013 after lengthy and tough negotiations between labour unions and employers’ representatives under the close supervision of the French government. This agreement is meant to reinforce the competitiveness of French firms whilst securing the career paths and reducing job cuts. This agreement should be enacted in the coming weeks or months and thus become legally binding on companies operating in France.

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