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World / Europe

Macron urges French companies to pay year-end bonus, cuts taxes

Published: 10 Dec 2018 - 07:43 pm | Last Updated: 20 Nov 2021 - 07:01 pm
Emmanuel Macron

Emmanuel Macron

By Helene Fouquet & Gregory Viscusi I Reuters

President Emmanuel Macron urged French companies to pay their workers a year end bonus that won’t be taxed and ended levies on overtime as he sought to draw a line under the monthlong Yellow Vests crisis roiling France.

In a statement aired on French television and radio networks, Macron said his country is at a historic crossroads and acknowledged his share of responsibility for the anger on the streets. They were his first public comments in more than a week.

Read More: Misfiring Macron Desperate for a Victory as Magic Starts to Fade

Elected for a five-year mandate with a majority in Parliament and no mid-term elections, Macron’s job should be safe for now. But his ability to continue with the ambitious program of reforms he’s set out will depend on how the public reacts to Monday night’s statement.