2023-08-28 04:13:49
According to a study, more than 25,000 bosses lost their jobs in the first half of 2023, an increase of 36.6% over one year.
More than the figure, it is the trend that worries. Between January and June 31, the number of business leaders finding themselves unemployed jumped 36.6% over one year. This concerns exactly 25,296 people according to a study* by the firm Altares and GSC (Garantie Sociale du Chef d’entreprise).
If the entrepreneurs at the head of small structures (less than 5 employees), account for nearly 9 out of 10 job losses, the number of business leaders with more than 20 employees who lost their jobs doubled in the first half, on a year. There is also a stronger presence of owners of large companies (more than 2 million euros in turnover) with here once more an annual increase of more than 100%.
“Nearly 140 business leaders are now losing their jobs every day. After a year 2022 which was already alerting us to the resumption of business failures, this acceleration observed in the first months of 2023 should encourage us to the most great vigilance”, comments Anthony Streicher, president of the GSC association.
Worryingly, the median age of entrepreneurs impacted is 45.9 years, which raises the question of professional rebound. But the Observatory also reveals a strong evolution among young leaders with +40% among those under 26 and +43% among 26/30 year olds. “Which raises the question of support for these young entrepreneurs faced with the risk of job loss”, underlines the study.
Inflation as a driving force
As for the most affected sectors, it is construction (+50%) and trade (+47.2%) entrepreneurs who are experiencing the most difficulties with 5,713 and 5,614 managers respectively having lost their jobs in the first half of the year.
“The situation is deteriorating very markedly for professionals in the accommodation, catering and drinking establishments sector with 3,470 job losses (+65.9%). These sectors have been impacted by the inflationary context which has forced households to reduce their expenses”, also underlines the study.
“The personal services sector (in particular hairdressing, beauty and body care activities) is also weakened by the drop in household spending: 1,152 business leaders have lost their professional activity (+ 57.8% over one year )”, can we read.
Insurance and finance are not immune to this negative trend since these are the sectors which recorded the highest increase in managers who lost their jobs: +76.4% mainly brokers and asset managers.
Geographically, unsurprisingly, Île-de-France is one of the most affected territories with 5,468 entrepreneurs who have lost their jobs (+47.9% over one year) or 25% of job losses in France.
This is followed by the Auvergne-Rhône-Alpes region (2,902 managers to have lost their jobs, +57.6% over one year), Occitanie (+55.3% to 2,239) and New Aquitaine (+56.6% at 2130). Provence-Alpes-Côte d’Azur and the Overseas Territories are the territories with the weakest growth, with +37.8% and +31.1% respectively.
*The data comes from the analysis of companies, excluding civil companies and associations, placed directly, by conversion or by resolution of the plan in compulsory liquidation by the Commercial or Judicial Court. The procedures for amicable closure or dissolution, as well as the dismissal of corporate officers, are not included.
Olivier Chicheportiche Journalist BFM Business
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