DECRYPTION – During the third quarter, France destroyed 25,000 jobs. The latest figures from INSEE confirm an economic turnaround unprecedented since Covid. Unemployment could rise to 8% next year.
The dark clouds that have been accumulating over French companies for several months have suddenly transformed into two claps of thunder. This Tuesday, the French flagships Michelin and Auchan announced massive social plans in quick succession. The closure of two factories – in Cholet and Vannes – in which 1,254 people work for the tire specialist. And the upcoming elimination of 2,389 positions for the distribution giant.
The news had the effect of a bomb in the country. However, it only confirms a phenomenon that has been at work for many months. French companies are facing a growing number of difficulties which would sooner or later materialize in employment figures. It is now done. According to new data from INSEE published this Thursday, 25,000 positions have been eliminated over the last three months. In the process, the statistics institute reviewed…
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France
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