March 25, 2023

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Value sharing: negotiations between unions and employers are finally starting

Posted Jan 26, 2023, 6:52 PMUpdated Jan 26, 2023, 6:57 PM

The political pressure is there, with economy and budget ministers regularly promising an “employee dividend” and the Renaissance party working on proposals. But it will have taken nine meetings since last November for the negotiation on the sharing of the value imposed by the executive to really start.

This Thursday morning, employers put on the table a first draft text which at least has the merit of being able to serve as a basis for discussion. “The important things in this text are… what is not there yet”, summarizes one of the union negotiators.

Reminder of the Labor Code

Much of the document merely recalls what the Labor Code provides, starting with the principle of non-substitution between wages and employee savings schemes. If on employee share ownership as on other subjects, the employers are careful not to impose any obligation, it is perhaps on this chapter that they are advancing the most.

Among the novelties, it gives employers the possibility of opening “a plan known as the Plan for sharing the valuation with the employees” with the allocation of an “indicative amount” upon hiring, with after three years the perception “of an amount corresponding to the percentage of valuation of the company applied to this indicative amount” to allow “the employee to be very directly interested in the valuation of the company and not only in its results. »

News on employee share ownership

It also proposes to provide “more guarantees of capital or attractiveness” to employee shareholding by removing the assimilation by the Monetary and Financial Code of so-called “leveraged” employee shareholding FCPEs to funds with formula “. Or even “to increase the overall ceiling for the allocation of free shares”.

If the discussions will really be able to start, its outcome is uncertain to say the least. The president of Medef Geoffroy Roux de Bézieux estimated a few days ago that it was an “impossible negotiation”, “because the members of the government and/or the members of the Renaissance party announced the results before the end” of the debates .

We will soon be fixed. The social partners are to meet on Monday afternoon for a tenth negotiation session. Mobilization against the pension reform obliges, the last meeting between employers and unions initially scheduled for January 31 was postponed to February 7, that is to say in less than fifteen days. Meanwhile, Renaissance has already started working on its project. The party auditioned the CFDT and the CFE-CGC, but not the CGPME which would have declined the invitation.