Obligation to negotiate the distribution of extraordinary profits
Published on :
29/11/2023
29
November
Nov
11
2023
Obligation to negotiate the distribution of extraordinary profits
The bill on the sharing of value within the company, approved by the National Assembly at the beginning of the summer, will be discussed again in the Senate in October.
It specifically includes a mechanism for sharing exceptional profits, applicable to companies with at least 50 employees that have a union delegate. The text stipulates that companies must negotiate the modalities of this sharing: the notion of an exceptional increase in profits must be defined, as well as the modalities of the resulting value sharing. The share can take the form of an additional participation or profit-sharing, an additional contribution to a savings plan, a value-sharing bonus, or the creation of a profit-sharing scheme if one does not exist in the company.
Companies that have already implemented a profit-sharing agreement with a special clause that takes into account extraordinary profits, or those that have set up a mandatory profit-sharing agreement with a more favorable formula than the legal formula, will not be affected.
History
-
New profit-sharing obligations for companies
Published on : 04/07/2023 04 July Jul 07 2023Newsletter / Looking FowardA new « profit-sharing » bill should be discussed and adopted by Parliament t...
-
Bill to adapt the Labor Code to European Union law | Changes to the 2017 « Macron » ordinances
Published on : 10/01/2023 10 January Jan 01 2023Newsletter / Looking FowardBill to adapt the Labor Code to European Union law A bill adopted on the 2...
-
Project law of retirement reform / unemployment insurance reform
Published on : 04/10/2022 04 October Oct 10 2022Newsletter / Looking FowardProject law of the retirement reform Several projects are under considerat...
-
A bill on wealth/purchasing power
Published on : 04/07/2022 04 July Jul 07 2022Newsletter / Looking FowardDuring these times of inflation, many companies are keen to find ways to safe...
-
Macron indemnity scale | Consequences of the war in Ukraine | Presidential election
Published on : 01/04/2022 01 April Apr 04 2022Newsletter / Looking FowardMacron indemnity scale An important ruling is due on 11th May to decide wh...
-
The new Whistleblower’s law / France’s presidency of the European Council / Employment topics to be discussed during the next French presidential elections / CNIL recruitment guidelines
Published on : 31/12/2021 31 December Dec 12 2021Newsletter / Looking FowardThe new Whistleblower’s law The new law on whistleblowers’ protection will...