France: step towards creation of a universal time savings account

On 23 April, the Union des Entreprises de Proximité (U2P), the minority employers' organisation representing very small businesses and craftsmen, and the trade unions – CFDT, CFTC, CGT and FO – reached cross-industry agreements on the universal time savings account (compte épargne temps universel, CETU) and on professional retraining. The two texts must now be submitted for the confederations to sign by mid-May. The negotiations took place without the two major employers' organisations, Medef and CPME, which refused to take part.

Through Nathalie Tran. Published on 23 April 2024 Ă  17h58 - Update on 23 April 2024 Ă  17h59

With negotiations on the employment of older workers failing to produce an agreement, the U2P initiated new discussions with the unions on 16 April, this time on the introduction of a universal time savings account (CETU) and a new vocational retraining scheme. The two draft national cross-industry agreements must now be signed by the U2P and the trade unions. While negotiators for the CGT and CFE-CGC unions have announced that they will be submitting an unfavourable opinion to their bodies, the CFDT, CFTC and FO unions are expected to sign the agreement on the CETU.…

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