French union signs up to Hollande's competitiveness drive


  • World
  • Friday, 14 Mar 2014

French President Francois Hollande listens to a question during a news conference at the Elysee Palace in Paris, January 14, 2014. REUTERS/Philippe Wojazer

PARIS (Reuters) - France's CFDT union joined two smaller unions on Thursday in signing an agreement with employers for implementing President Francois Hollande's plan to boost companies' competitiveness.

Battling high unemployment and struggling to revive the euro zone's second-biggest economy, Hollande offered in January to cut companies' payroll tax in exchange for committing to hiring targets in what he called a "responsibility pact".

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