DESCRIBED – In the third quarter, France destroyed 25,000 jobs. The latest INSEE data confirm an unprecedented economic turnaround since Covid. Unemployment could rise to 8% next year.
The dark clouds that have been accumulating over French businesses for several months have suddenly transformed into two thunderclaps. This Tuesday, French flagships Michelin and Auchan announced massive social plans in quick succession. The closure of two factories – in Cholet and Vannes – where 1,254 people work for the tire specialist. And the imminent elimination of 2,389 positions for the distribution giant.
The news had the effect of a bomb in the country. However, it is only a matter of confirming a phenomenon that has already been underway for many months. French companies are facing an increasing number of difficulties which will sooner or later translate into employment figures. Now it’s done. According to new INSEE data published this Thursday, 25,000 positions have been eliminated in the last three months. In the process, the statistics office examined…