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French gov't kicks off talks on "responsibility pact"

English.news.cn   2014-01-27 21:53:54

PARIS, Jan. 27 (Xinhua) -- The French government on Monday started negotiations with trade unions and employers' organizations to see how to implement the "responsibility pact," the Socialists' new strategy to bring down unemployment and better public finances.

Earlier, French Prime Minister Jean-Marc Ayrault had received social partners "to listen to these organizations and to know what they expected from the responsibility pact," according to reports.

As major investment in state-sponsored jobs has failed to lower joblessness, President Francois Hollande proposed cutting labor charges by 30 billion euros (41 billion U.S. dollars) by 2017 in return for companies to recruit more employees.

With joblessness expected at 11 percent this year, the government eyes the creation of 1.8 million new jobs with the "responsibility pact" in next five years.

During his new year's message to the country's business leaders, Hollande called on companies to respect their commitment mainly over "the number of created jobs, primarily for youth through the development of training and generations contracts."

The president also asked companies to focus on improving "the quality of jobs through employee training, improving classification grids and reducing the precariousness of work."

The head of the International Monetary Fund (IMF) Christine Lagarde recently said Hollande's new proposal were steps "in the right direction" to achieve his economic pledges to bring down double digit jobless rate.

In a recent interview, France's central bank governor Christian Noyer urged quick implementation of the pact which he said was "exactly what is needed to get growth going."

Editor: Shen Qing
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