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Record numbers resign in France as balance of bargaining power shifts - labor ministry

Article author:

Reuters

Reuters

Myriam Rivet and Tassilo Hummel

Paris — At the end of 2021 and the beginning of 2022, the turnover rate of French workers is at a record high. A survey of employers, the Labor Department, showed Thursday.

More than one million people left their jobs between October and March, according to a study by the ministry's Dares research agency. Ninety percent of them coveted permanent employment contracts, which offered the highest level of job protection in the world. From a relative perspective, the trend was not as strong, Mr. Dares said, given that the More and more people in many countries are out of work during the COVID-19 pandemic as they begin to reevaluate their choices. It's called "great resignation".

Mr D'Arres said the latest French figures did not show that the working-age population was shrinking in its size.

In the Eurozone, he has the second-largest economy's resignation rate in the first quarter of 2022. He is 2.7% from 2008, although he was the highest since the 2009 financial crisis. , said it was just below the level of 2.9%. before that.

"In the current situation, an increase in the retirement rate appears normal, in line with the economic recovery from the COVID-19 crisis," he said.

Labor market tensions, with bosses in some sectors such as construction and hospitality increasingly struggling to recruit enough people, have fueled this trend, leaving many employees to hire. brought an opportunity.

"The bargaining power is shifting in the employee's favor," Dares said. (Written by Tassilo Hummel, edited by Ingrid Melander and John Stonestreet)

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