Hours of work increased to 60 hours per week in certain sectors

These exemptions could apply for example in “energy”, “telecoms”, “logistics”, “transport” or even “food”, said the entourage of the Minister of Labor, Muriel Pénicaud ,

The government will allow derogations from working hours in certain sectors up to 60 hours a week, against 48 hours currently, and 46 hours against 44 hours on average over a 12-week period, the Labor Ministry said on Tuesday.

These derogations, the principle of which was announced last weekend by the Minister of the Economy, may apply, for example, in “energy”, “telecommunications”, “logistics”, “transport” or still “food”, said the entourage of the Minister of Labor, Muriel Pénicaud,

Currently, the effective weekly working time must not exceed the following two limits: “48 hours in the same week and 44 hours per week on average over a period of 12 consecutive weeks”.
Exceptional location

The government will take either “a decree” or “an order” to change these two limits and allow derogations “for a limited time and in limited areas” to deal with the exceptional situation in the country.

There will be payment in “overtime” and compliance with “legal rest time”, has taken care to specify the entourage of the minister.

Sunday work may also be extended and compensatory rest between two work periods may be increased from 11 to 9 hours, “depending on the sector”.

The entourage of Muriel Pénicaud also indicated that the government would quickly announce “incentives” for the agricultural sector, which will be faced with a shortage of labor for harvesting strawberries and asparagus. “There will be ten times less posted workers than usual,” the ministry said.

Coronavirus: global recession could be worse than during the financial crisis

The coronavirus pandemic will cause a global economic recession in 2020 that may be stronger than that observed during the 2008-2009 financial crisis, but global economic activity is expected to rebound in 2021, the International Monetary Fund said on Monday.

The global recession following the coronavirus pandemic could be worse than the one that followed the 2008 financial crisis, IMF chief Kristalina Georgieva warned on Monday during a conference call with the G20.

In a statement, she said she warned finance ministers and central bankers that the outlook for global growth was “negative” for 2020 and said that we should expect “a recession at least as severe as during the financial crisis if not worse “.
A “serious” economic impact

In 2009, global GDP fell 0.6%, according to IMF data. For advanced economies alone, it fell by 3.16% and by 4.08% for the countries of the euro zone. “But we expect a recovery in 2021,” she added more optimistically. However, “to get there, it is essential to prioritize containment and strengthen health systems”, everywhere. “The economic impact is and will be serious, but the faster the virus is stopped, the faster and stronger the recovery,” she also said.

The coronavirus pandemic has forced many countries to take drastic measures – the suspension of airlines, the closure of shops, bars and restaurants and the confinement of millions of people, putting a stop to world economic activity.

The International Monetary Fund also noted that it “strongly supports the extraordinary fiscal measures that many countries have already taken to strengthen health systems and protect the workers and businesses involved”.

The head of the Washington institution, however, urged more efforts, noting that advanced economies were “generally better placed to respond to the crisis” while many emerging markets and low-income countries are “facing challenges important “.

It says investors have already withdrawn $ 83 billion from emerging markets since the start of the crisis, “the largest outflow of capital ever”. “We are particularly concerned about low-income over-indebted countries – an issue we are working on closely with the World Bank,” she also said.

Emergency funding

For its part, the IMF “massively intensifies emergency financing” while nearly 80 countries out of 189 member countries have requested its financial assistance.

The Fund says it is “ready to deploy its entire financing capacity, ie $ 1,000 billion”. Ms. Georgieva also ensures working in collaboration with other international financial institutions “to provide a solid coordinated response”.

In a separate statement, the World Bank said it had approved an immediate aid package of $ 14 billion to combat the impact of the coronavirus.

“We are also preparing projects in 49 countries (…) with decisions expected this week on no less than 16 programs,” said David Malpass, its president, quoted in the text.

The World Bank is also “in dialogue with China among other key countries for assistance in the rapid manufacturing and delivery of a large number of needed supplies,” he said. “positive responses”.

David Malpass finally said that the World Bank group, which includes the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), was able to deploy up to $ 150 billion over the 15 coming months. The new coronavirus has killed at least 15,189 people worldwide, the vast majority now in Europe, since its appearance in December in China.

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