Home » Industrial relations » National industrial relations » France: trade union call for shareholder solidarity support during the Covid-19 pandemic France: trade union call for shareholder solidarity support during the Covid-19 pandemic On 25 March the CFDT trade union called for companies to abstain from paying dividends this a year that is beset by the negative consequences of the Covid-19 pandemic. ‘While the Covid-19 health crisis will have serious economic and social repercussions for many employees and companies, it would be indecent if, as in 2019, the CAC40 companies paid several billion euros in dividends to their shareholders this year. Some of these have already announced a dividend freeze for 2020... but unfortunately this is not yet the case for all of them," the CFDT highlighted in a press release published on 25 March. A number of French companies (e.g. Safran, as well as Engie, where the request was sent by all the trade unions) have already received letters to this effect. Through . Published on 26 March 2020 à 15h31 - Update on 21 April 2020 à 14h55 Resources Everyone should play their part. ‘Extraordinary circumstances require extraordinary solidarity measures. To cope with this unprecedented health crisis that risks long-lasting nefarious economic consequences, companies are receiving significant State (and thus taxpayer) support,’ noted Philippe Portier, secretary general of the CFDT in the press statement that was released on 25 March. He continued, “This is why that although work is disrupted everywhere,… Managing the fallout of Covid-19 Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageCommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels