Michael Fossat (Schneider Electric France): “Post-retirement employment meets a real need”

Featured image of the article Michael Fossat (Schneider Electric France): “Post-retirement employment meets a real need”
Along with five other HR directors from major corporations—Ludovic Demierre (Vinci), Caroline Gonin (Transdev), Jean-Claude Le Grand (L’Oréal), Louis-Maxime Negre (Sopra Steria), and Jean-Manuel Soussan (Bouygues)—Michael Fossat, HR Director France at Schneider Electric (15,000 employees in France), published a statement on June 1 warning about the impact of the reform of the post-retirement employment scheme (cumul emploi-retraite), which allows retirees to return to paid work while continuing to receive their pension. He explains to mind RH why, in their view, restricting the scheme will have “irreversible consequences for skills and expertise.”
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By making post-retirement employment less attractive, the government hopes to encourage older workers to extend their careers and generate savings for the pension system. As HR directors of major companies, you believe this measure will instead harm economic activity. Why?

The government’s intentions are commendable. We need to reduce public spending, and we do not dispute that. However, we believe that discouraging work during retirement in order to encourage seniors to extend their careers is

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