the government is prioritizing the sharing of value in companies

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The Minister of Labor, Olivier Dussopt, in Aubervilliers (Seine-Saint-Denis), Wednesday May 24, 2023. CHRISTOPHE ARCHAMBAULT / AFP Improve the purchasing power of the French in these times of record inflation…

the government is prioritizing the sharing of value in companies

the government is prioritizing the sharing of value in companies

The Minister of Labor, Olivier Dussopt, in Aubervilliers (Seine-Saint-Denis), Wednesday May 24, 2023. The Minister of Labor, Olivier Dussopt, in Aubervilliers (Seine-Saint-Denis), Wednesday May 24, 2023. CHRISTOPHE ARCHAMBAULT / AFP

Improve the purchasing power of the French in these times of record inflation and take the opportunity to turn the page on pensions. While proving that social dialogue still works. The bill on the sharing of value within the company, presented Wednesday, May 24, in the Council of Ministers, has several important issues for the executive.

Read also: Article reserved for our subscribers Sharing of value: the agreement of social actors included in the law

The government’s objective was first to faithfully transcribe the national interprofessional agreement (ANI), signed on February 10, by employers’ organizations and trade unions, with the exception of the CGT. The text, which will be examined in public session, in the National embly, from June 26, includes fifteen articles which largely reflect the agreement aimed at generalizing the value-sharing mechanisms.

If the text is adopted, companies with 11 to 49 employees will have to establish a mechanism “legal value sharing” (participation, incentive but also value sharing bonus), if they generate, for three years in a row, a significant profit, at least equal to 1% of their turnover. With regard to companies with at least 50 employees, discussions will have to be opened, in order to “better take into account exceptional results” made in France.

“Limited Adjustments”

However, the executive made some adjustments to the ANI. While the text initially planned to submit the definition of exceptional profit to the essment of the employer, it will ultimately be referred to company collective bargaining. A change which comes after the examination of the text by the Council of State, in May, but in which the social partners have been ociated.

Read also: Article reserved for our subscribers Value sharing: MEPs’ proposals for a better redistribution of profits

According to the Ministry of Labor, the device could be more secure during parliamentary debates, once again in agreement by the social partners. The Council of State also considered that the value-sharing bonus paid to employees paid less than three times the minimum wage in companies with fewer than 50 employees, exempt from tax and social security contributions and not subject to income tax income, could be declared unconstitutional for breach of equality.

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The text could also evolve further following the debates in the Hemicycle. “Adjustments will be very limited on our side”, warns the deputy (Renaissance) of Saône-et-Loire and future rapporteur of the text, Louis Margueritte. The latter wishes in particular to advance by one year the implementation of the agreement in companies with 11 to 49 employees. In the event of amendments, the Minister of Labour, Olivier Dussopt, recalled that the government’s opinion will be “always based on a consensus of the signatory organizations to respect” the ANI.

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