Jobs
Macron Pledges Buybacks Will See Firms Pay More to Workers
- Le Maire says profit-sharing obligation must be substantial
- New constraints would apply to France’s biggest companies
Emmanuel Macron during a television interview from the Elysee Palace, in Paris, on March 22.
Photographer: Ludovic Marin/AFP/Getty Images
This article is for subscribers only.
French President Emmanuel Macron said he is working on ways to force companies carrying out share buybacks to distribute more of their profits to workers, as he seeks to defuse the anger of protest over his pension reform.
“There is a kind of cynicism at work when we have big businesses with such big revenues they can buy back their shares, so I’m going to ask the government to work on an exceptional contribution,” Macron said in a television interview Wednesday, on the even of another round of strikes and protests. “There is a feeling of injustice that I do hear.”