HomeEconomyCompanies that buy back their shares will have to reopen profit-sharing agreements

Companies that buy back their shares will have to reopen profit-sharing agreements

Invited to the set of BFM Business, the Minister of Economy and Finance estimated that the ten French companies that practice share buybacks had the means to increase their workforce.

Companies that buy back their shares will have to reopen their profit-sharing agreements at the same time to “give more to employees,” Economy Minister Bruno Le Maire announced on Tuesday, shortly before the opening of the budget debate in the National Assembly.

“Quand une entreprise a de quoi racheter des actions, elle sera obligée de rouvrir les accords d’intéressement et de participation et de donner plus aux salariés”, a affirmé le minister sur BFM Business, “avec toujours la même logique: le travail doit pay”. “They have the means to buy back shares, so they have the means to increase their employees,” he added, ensuring that “justice is for everyone and at all times.”

>> More information coming soon to BFM Business in a few moments. Also watch the BFM Business live video and follow us on Twitter.

Author: TT with AFP
Source: BFM TV

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