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Macron signs French labor reform decrees

Macron signs French labor reform decrees
From Reuters - September 22, 2017

PARIS (Reuters) - President Emmanuel Macron formally signed five decrees overhauling Frances labor rules on Friday, the first major economic reforms since he took power in May.

The new rules, discussed at length in advance with unions, will cap payouts on dismissals that are judged unfair, while also giving companies greater freedom to hire and fire employees and to agree working conditions.

Macron said that the decrees would become law in the coming days, although they do not take effect in practice until further decrees spelling out finer details are signed before the end of the year.

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