The value-sharing agreement is “historic”, according to Bruno Le Maire


Bruno Le Maire at the Elysee Palace, February 15, 2023 (AFP/Archives/Ludovic MARIN)

The Minister of Economy Bruno Le Maire on Monday praised the agreement reached between social partners on the sharing of value in business, described as “historic for all employees of SMEs”.

“We will respect this agreement which is a good agreement and which is even historic for all employees of SMEs”, declared the minister at the microphone of BFMTV / RMC, while a convention of the Renaissance face-to-face party must formulate proposals on Monday in order to translate the agreement between employers’ organizations and trade unions into a legal text.

“The historic advance of this agreement between the social partners is to make compulsory, for any SME which has made significant profits over the past three years, either a profit-sharing agreement, or a participation agreement, or the payment of a tax-free bonus”, explained Bruno Le Maire.

He recalled that currently, 80% of the employees of large groups were covered by a profit-sharing agreement or profit-sharing in the company’s results, against only 20% of those of SMEs.

The value-sharing agreement is open for signature by trade unions until Wednesday. The CFDT and the CFTC have already signed it, which suffices to validate the agreement in the absence of majority opposition to this text.

The president of Medef, Geoffroy Roux de Bézieux, had called on the government on Sunday to respect the agreement, without emptying it of its substance. “I want the government to resume this agreement” and “any unraveling of this agreement would be for me a stab in the back of the social partners”, he had warned during the “Grand Rendez-vous” Europe 1 / Cnews / Les Echoes.

© 2023 AFP

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