French employers publish joint letter urging reforms, spending cuts


  • World
  • Sunday, 29 Jun 2014

PARIS (Reuters) - French employer groups called on President Francois Hollande to speed up reforms and cut public spending to revive the ailing economy in a joint statement issued on Sunday ahead of an annual conference of government officials, employers and labour unions.

The July 7-8 conference will focus on reform proposals, including Hollande's "responsibility pact" which offers companies 41 billion euros ($56 billion) in payroll tax cuts over three years in exchange for promises of more hiring.

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