Ordinances and labour compensation.

Summary The recent ordinances of Emmanuel Macron have brought about profound changes in French labor law. More specifically, the third ordinance of the new government has instituted a framework of prud'homale compensation for employees in the event of dismissal. The objective of this reform is to strengthen the forecasting of labour tribunal decisions, which are considered by the employers' federations to be too uncertain. It would also seek to promote the development of smaller companies by limiting their legal risk. However, some criticize these provisions for their possible bias in favour of company directors, to the detriment of employees who potentially suffer heavy damages in the event of dismissal, which should be evaluated on an individual basis. This conference, which was open to the public, brought together three speakers to discuss the relevance and the expected effects of a framework for labour compensation. The objective was to provide a cross-section of economists, jurists, and legal practitioners.