PARIS – After the aid packages, the layoffs

As most lockdown measures have now been lifted as of today (2 June) and life starts getting back to normal in France, the economy has taken a big hit.

The Renault group has announced a massive cost-cutting plan, which would involve 15,000 job cuts worldwide, including 4,600 in France.

Ryanair’s management is said to have proposed a general salary cut of 10% to 180 employees to save around 30 jobs, which the General Confederation of Labour (FO) denounced although no discussions were held with staff representatives.

While most companies in France have had access to the short-time working scheme, which has enabled the unemployment insurance system to pay the salaries of part of the workforce, specialists anticipate a wave of mass redundancies this summer. (EURACTIV.FR)

Subscribe to our newsletters