French PM details reform of unemployment benefits system

French Prime Minister Édouard Philippe on Tuesday anounced his government's raft of measures to overhaul the unemployment benefits system, which he claimed would lower the jobless rate and save 3.4 billion euros over three years, and which will include extending the period people have to work before being eligible for aid, a cut in indemnities for high-income earners, ensuring benefits are lower than job pay, and the  penalizing of companies which repeatedly use short-term contracts.

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Emmanuel Macron is taking aim at French unemployment benefits, sparking the wrath of the country’s labour unions just as the Yellow Vest protests subside, reports Bloomberg.