France - Oxfam reports on inequality and wealth distribution - May 31, 2018

 Basic, the office for social analysis, co-produced a report with the NGO Oxfam France that aims to fuel the public debate on the sharing of wealth. One of the findings of the report is that French companies are paying out the vast bulk of their profits to shareholders, leaving little for investment and even less for employees. In the 2000s companies paid out less than a third of profits in dividends, today it is more than two-thirds. The report shows that firms paid out 15 times as much to shareholders than they did to workers. CEOs' salaries also soared since 2009 to 119 times their employees' average pay, with 54.5% of CEO’s income tied to their company's share price, encouraging them to align their interests with those of the shareholders.

Read on: in English … The report: in French … Press statement: in French …

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

© ETUI aisbl, Brussels 2018. All rights reserved. We encourage the distribution of this newsletter and of the information it contains, for non-commercial purposes and provided the source is credited. The ETUI is not responsible for the content of external internet sites. The ETUI is financially supported by the European Union. The European Union is not responsible for any use made of the information contained in this publication.
This email is sent from www.etui.org.


CEU Ads

News Archive