Keyword: concessions

Macron pledges minimum wage rise, tax cuts on pensions, overtime

In an attempt to defuse growing social unrest, French President Emmanuel Macron announced in a televised address on monday a 100-euro rise of the minimum monthly wage, the removal of a tax on pensions below 2,000 euros per month, the ending of taxation on overtime payments and encouraged employers to offer a tax-free end-of-year bonus to employees.

French PM offers students new concessions to defuse labour law revolt

A package of financial measures for students and first-time job seekers, costing around 500 million euros, met with approval from main students' union.