Value Sharing Bill for Increased Solidarity Between Capital and Work: Minister of Labor Olivier Dussopt, National Assembly, June 8, 2023

2023-06-26 22:49:51

Minister of Labor Olivier Dussopt at the National Assembly, June 8, 2023 (Ludovic MARIN)

MEPs began examining on Monday the bill on “value sharing” within companies, resulting from a union-employer agreement, comparing their visions of the relationship between bonuses and wages, and measures for the redistribution of profits.

The text must make it possible to act “for the purchasing power to cope with inflation”, affirmed the Minister of Labor Olivier Dussopt, welcoming “a proposal for increased solidarity between capital and work”.

He defended a “faithful” transposition of the national interprofessional agreement (ANI) concluded in February.

Signed by four out of five unions – without the CGT -, it plans to extend devices such as profit-sharing, participation or value-sharing bonuses (“Prime Macron”) to all companies with more than 11 employees. . It is also a question of developing employee share ownership.

This might concern “1.5 million employees” within “two to three years”, argued Mr. Dussopt earlier on CNews.

Participation is a profit redistribution mechanism, currently mandatory in companies with more than 50 employees, while profit-sharing is an optional bonus linked to non-financial results or performance. Both come with tax advantages.

– Bonuses and salaries –

LR deputies support the “value sharing” devices, seen as an “additional remuneration and challenge for employees”.

The other oppositions are dubious. The whole of the left calls for action first on wages.

Ecologist Eva Sas criticized the government for “developing all the alternatives to curb the increases”.

At the National Rally too, it is said that the increase in wages “remains the best sharing of value”. Mr. Dussopt replies that wage increases are not “incompatible”, returning the ball to companies.

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The left-wing deputies have multiplied their attempts to initiate increases in the minimum wage, to regulate the wage differentials between employees and bosses, and to sanctify a “non-substitution of bonuses for wage increases”.

Citing a note from INSEE according to which the “Macron bonuses” might have replaced “approximately 30% on average for revaluations” of wages at the end of 2022, they recommended enshrining in law the fact that sums paid as “profit-sharing”, “profit-sharing”, or a value-sharing bonus, cannot replace salaries.

While Olivier Dussopt insisted on the fact that safeguards already existed in the Labor Code, the Assembly adopted an amendment by the rapporteur Louis Margueritte (Renaissance) emphasizing that the sums paid for profit-sharing schemes cannot take on the character of “salary”. Too narrow a wording for the left.

– “Participation low-cost” –

One of the major articles of the text must be put to the vote on Tuesday. It provides that companies with 11 to 49 employees, whose net profit represents at least 1% of turnover for three consecutive years, set up at least one of the various value-sharing schemes, for five years. of experimentation.

On Monday, the deputies already approved a first 5-year experiment to facilitate the deployment of “participation” devices. It would allow companies with less than fifty employees to establish one if they wish, by company or branch agreement, with a specific calculation method different from that applied to larger companies.

But this might be more or less favorable to employees, fueling fears on the left of “low-cost participation”, in the words of socialist Jérôme Guedj.

During the examination of the text the debates will be animated around the “exceptional profits”. It provides that companies with at least 50 employees negotiate its definition and sharing.

The presidential majority has planned to re-specify that “the definition of the exceptional increase in profit” must, among other things, take into account the size of the company and its sector.

The oppositions want more framing and advocate, like the Insoumis, systematic bonuses in the event of “superprofits”.

Emmanuel Macron himself committed during his campaign to establishing an “employee dividend”, and the boss of the MoDem group Jean-Paul Mattei raised the subject of “super dividends” in the fall.

Mr. Dussopt warned of “a risk of one-upmanship” and will only defend any modification to the ANI “with a consensus of the signatories”.

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