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France Begins Talks on Monetizing Fifth Week of Paid Leave

Negotiations due to begin on August 1 will decide whether employees can trade their extra week of leave for pay under the government’s austerity plan.

De gauche à droite, Astrid Panosyan-Bouvet, ministre du Travail, et Marylise Léon, secrétaire générale de la CFDT.
De gauche à droite, Sophie Binet, secrétaire générale de la CGT et Cyril Chabanier, président de la CFTC.
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Overview

  • The proposal to sell the fifth week of paid vacation is a voluntary option that must be agreed between employers and employees.
  • Labor Minister Astrid Panosyan-Bouvet has called the scheme a “new right” and insisted it will not be imposed unilaterally.
  • Economy Minister Éric Lombard’s claim that he was unaware of the measure has exposed coordination gaps within the government.
  • Major unions such as CFDT and CGT have condemned the plan as part of a “museum of horrors” and are weighing possible mobilizations.
  • Social partners are scheduled to start negotiations on August 1, with a final decision on the monetization expected by September.