Banning layoffs for profitable companies: a historic opportunity for the Senate

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While a record 100 billion euros were returned to shareholders in France in 2024, a bill from Socialist senators, debated on May 15, aims to improve employee protection and industrial sovereignty.

ArcelorMittal employees planted 97 crosses symbolizing the elimination of 97 jobs, or 25% of the workforce, in Basse-Indre, near Nantes. (Laetitia Notarianni / Hans Lucas. AFP)

by Thierry Cozic, PS senator for Sarthe

Michelin, Auchan, Sanofi, General Electric, Valeo, Saunier Duval, Vencorex , MA France and now ArcelorMittal … The litany of groups implementing redundancy plans is dizzying. In most cases, these companies are profitable and if the cascade of site closures is effective, it is precisely because they are taking place in a

Senate Socialist Party (PS)