AIRLINK 195.70 Increased By ▲ 3.86 (2.01%)
BOP 10.08 Increased By ▲ 0.21 (2.13%)
CNERGY 7.78 Increased By ▲ 0.11 (1.43%)
FCCL 37.85 Decreased By ▼ -0.01 (-0.03%)
FFL 15.84 Increased By ▲ 0.08 (0.51%)
FLYNG 24.50 Decreased By ▼ -0.81 (-3.2%)
HUBC 130.85 Increased By ▲ 0.68 (0.52%)
HUMNL 13.79 Increased By ▲ 0.20 (1.47%)
KEL 4.61 Decreased By ▼ -0.06 (-1.28%)
KOSM 6.21 No Change ▼ 0.00 (0%)
MLCF 44.80 Increased By ▲ 0.51 (1.15%)
OGDC 207.80 Increased By ▲ 0.93 (0.45%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 40.40 Decreased By ▼ -0.15 (-0.37%)
PIAHCLA 17.55 Decreased By ▼ -0.04 (-0.23%)
PIBTL 8.03 Decreased By ▼ -0.04 (-0.5%)
POWER 9.21 Decreased By ▼ -0.03 (-0.32%)
PPL 179.00 Increased By ▲ 0.44 (0.25%)
PRL 39.44 Increased By ▲ 0.36 (0.92%)
PTC 24.11 Decreased By ▼ -0.03 (-0.12%)
SEARL 109.25 Increased By ▲ 1.40 (1.3%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.98 Decreased By ▼ -1.13 (-2.89%)
SYM 18.85 Decreased By ▼ -0.27 (-1.41%)
TELE 8.58 Decreased By ▼ -0.02 (-0.23%)
TPLP 12.18 Decreased By ▼ -0.19 (-1.54%)
TRG 65.20 Decreased By ▼ -0.81 (-1.23%)
WAVESAPP 12.25 Decreased By ▼ -0.53 (-4.15%)
WTL 1.66 Decreased By ▼ -0.04 (-2.35%)
YOUW 3.93 Decreased By ▼ -0.02 (-0.51%)
BR100 12,038 Increased By 107.6 (0.9%)
BR30 35,742 Increased By 82.5 (0.23%)
KSE100 114,574 Increased By 1367.4 (1.21%)
KSE30 36,013 Increased By 447.5 (1.26%)

France's prime minister, Manuel Valls, said on Sunday he will not commit blackmail by threatening to resign, as the government is facing opposition to pass the new labour reform.
In an interview with French weekly newspaper Le Journal Du Dimanche (JDD), Valls said the reform is a "win-win" for both employers and employees and that he will try to convince the Socialists, Far Left and Green party members to vote for the bill.
When asked about rumours that he could put at stake his title, Valls said:
"I never did and I will not blackmail to resign".
Rising unemployment, at an 18-year high of 10.6 percent, is a reminder to voters that President Francois Hollande failed to live up to promises to put the jobless rate on a convincingly downward path, which he set as a precondition for running in the next presidential election in 2017.
The reform, which would put almost all aspects of the country's strictly codified labour relations up for negotiation between employers and unions, has widened divisions in the governing Socialist party.
"We must enrich and complete this preliminary bill. But what would be terrible is the status quo," Valls told JDD.
"I could have said there are 14 months left, I would slow down, take no risks ... It's not my vision of politics".
France's government will present labour reforms two weeks later than planned, on March 24, following strong pressure from unions and within the governing Socialist party.
Valls said there is room for negotiation with unions, which have asked for a stricter definition of redundancy plans. He said the draft bill must further emphasise that reform is primarily intended for small and medium-sized companies, where there is fear of hiring.
"We want to ensure our social model and the rights of employees while giving more flexibility to companies," he told JDD.

Copyright Reuters, 2016

Comments

Comments are closed.