PARIS (Reuters) - Small French companies face catastrophic consequences if President Francois Hollande's government does not follow through on a pledge to lower labour costs sharply within two months, the head of the country's largest association of small and medium-size companies said on Thursday.
Hollande vowed in January to help struggling companies by slashing some 30 billion euros (24.1 billion pounds) from their labour costs and bringing down corporate taxes, in exchange for their committing to hiring targets.