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Due to high housing prices, our companies 80% of employees are hired on permanent legal certainty. Would it replace termination
have to recruit people from further and contracts. The construction sector naturally without cause? Dismissal without cause is
further away, which causes them to lose needs the flexibility of fixed-term contracts constitutional in Monaco. The Supreme Court
valuable candidates who refuse to spend and temporary work, which offer better mentioned this in its decision of 2 December
more than two hours a day getting to remuneration to the employees concerned. 2020, which notably established the freedom
their workplace and back. These are the for the employer to hire and fire, a corollary
fundamental problems to be resolved Are government funds doing well? Any of the contractual freedom to terminate the
urgently so that Monaco can continue its reforms on the horizon? contract, which also applies to the employee.
economic growth and develop employment. It seems important to us to work on the Article 6 of Law N° 729 already allows
basis of health insurance and workplace termination of an employment contract
What do you think are the reasons for this? accidents. Benefits should be based on the without the employee losing unemployment
Savings accumulated during the Covid period base salary and any 13 month bonus but benefit rights and with higher compensation.
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and time to think, or rather to dream. This not on overtime or specific non-contractual Let's keep to an efficient system instead of
will only last for a while before the reality bonuses. Some people abuse it and fall ill or dreaming of a fluffy fantasy world.
of the world, and of the degraded economic take occupational accident leave just after
situation in Europe, will come back as a a bonus is paid, which means they receive In practice, how many cases of Article 6
rude awakening for some sweet dreamers. more sick pay than those who continue dismissals are recorded per year?
We are being strangled by the price of oil to work and receive their net salary. Work In 2022, the Labour Court judged a total of
(gas and consequently energy in general) must pay more than inactivity, so as not to 76 cases. Amongst these, only 10 to 15% ****
and our continent is becoming poorer. For encourage abuse. concerned Article 6 – in other words, only
example, France saw its GDP/capita ranking around 10 cases per year out of some 55,000
move from 13 in the world in 1980 to 19 in PENSIONS employees in the private sector.
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2005 and to 24 in 2022…The development According to the FEDEM, “for identical
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of Artificial Intelligence (AI) must also be salaries in France and Monaco, pensions What do you recommend to improve
taken into account. Recent examples show are 35 to 110% higher” in the Principality. the situation of employees (housing for
that AI is expected to reshuffle the job market Is this still the case since the 2012 reform? working people, etc)?
in the years to come. In France, a media Yes, although the numbers may have You have pointed out the real problem facing
monitoring company is set to lay off more decreased a bit. our employees: the irrational decisions taken
than 200 people in favour of AI - and for by our large neighbouring country have a
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the first time an AI has piloted a plane for In 2010, the CAR pensions reserve fund strong impact on the lives of our employees.
more than 17 hours during a test ! represented €571 million, or 68.5 months How can we accept that only 7% of these can
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of pension payments. How much is it today? access the state housing that is required to
With 60,000 employees, the job market in At the time, the revalued reserve fund be built in neighbouring municipalities when
Monaco seems very dynamic but previous amounted to €1 billion and today it stands in France, on average, 70% of employees
projections were counting on 100,000 at €1.4 billion, the equivalent of 56 months are eligible? We have created, on average,
employees to maintain the current social of pensions. We must also remember that more than 1,000 jobs per year for 20 years
model. What are the projections according Agirc-Arrco in France only has 11 months of for French residents who pay their taxes
to actuarial studies for the coming years reserve to pay for the supplementary pension there and no new transport infrastructure
(2030? 2050?) which is a points-based system like ours. has been built for more than 20 years!!! It
If the economic system is preserved, is urgent to build an underground metro
pension funds should not experience any Monaco now has its own independent line from Nice Airport to Monaco, which
major problems within a generation (30 supplementary pension fund. What will would serve our community for the next
years). Of course, adding new constraints the rate of return be? Will it be superior 100 years and would very significantly – or
on businesses, attacks on freedom of to previous systems? even drastically – improve air quality as well.
enterprise, or even increasing business The rate of return will be slightly higher
charges, would have a disastrous effect than that of Agirc-Arrco by joint agreement.
for everyone. *Source : IMSEE, Observatoire de l’Emploi 2022, paru en avril 2023
Are you in favour of introducing mutually- **https://www.capital.fr/entreprises-marches/200-salaries-francais-
Is the permanent contract the principle agreed termination of work contracts in vont-etre-licencies-et-remplaces-par-une-intelligence-artificielle-1479451
*** https://www.lebigdata.fr/ia-pilote-un-avion
today and the fixed-term contract the Monaco? ****https://monaco-hebdo.com/actualites/judiciaire/tribunal-du-travail-
prudhommes-monaco/
exception? What is the breakdown of No, because it’s a bad idea. As it is drafted by
permanent, fixed-term and temporary the legislator, mutually-agreed termination
contracts? What is the current trend and is subject to very rigorous conditions of
evolution of employment contracts? validity which oblige the parties to respect
I repeat myself because the facts are plain: a complex procedure which is unsuitable
fixed-term contracts and temporary work in for a network of small- to medium-sized
Monaco are in the minority and more than businesses, and this without providing

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