Two unions, the CFDT and the CFTC, announced Wednesday their intention to sign the agreement reached with the French employers to simplify and widen the sharing with the employees of the profits of the companies, particularly at the smallest.
First union in the private sector, the CFDT indicated in a press release that its national office had decided to sign the national interprofessional agreement, stressing that it allowed several advances for employees, in particular those of small and medium-sized enterprises.
The CFTC said it had also decided to approve the agreement, even if it is not as ambitious as the country’s situation requires, in a context of high inflation in particular. Aware that in these troubled and uncertain times any gratification, any boost for purchasing power must be seized, and faithful to its attachment to these systems involving employees, the CFTC has chosen to sign this agreement, has- she precise.
Generalize interest in SMEs
After months of complicated negotiations, the Medef, the CPME and the U2P on the employers’ side and the unions CGT, CFDT, FO, CFE-CGC and CFTC had presented on Friday a text aimed in particular largely generalize systems such as profit-sharing, participation and value-sharing bonuses all companies with more than 11 employees.
Participation is a mechanism for redistributing profits, currently compulsory in companies with more than 50 employees, while profit-sharing is an optional bonus linked to non-financial results or performance, mechanisms which come with tax advantages.
The new text thus provides that companies between 11 and 49 employees which are profitable, that is to say that their net profit represents at least 1% of turnover for three consecutive years, set up at least one value-sharing mechanism from January 1, 2025. Companies with less than 11 employees have the possibility of sharing the profits with their employees. The agreement is open for signature by trade unions and employers’ organizations until 22 February.
A coming law
While the approval of the employers seems acquired, the text must also, to be validated, be signed by one or more trade union organizations displaying a representation of at least 30%, without opposition from other organizations representing employees weighing at least 50% %.
The Minister of the Economy, Bruno Le Maire, had declared Tuesday the National Assembly to want to transcribe the agreement by legislative means so that all employees can benefit from it.
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