It is much too heavy said Chantal GibertSander

Companies recognize the French system of savings as the "best in the world", but there are proposals to improve it. Guests, Friday, the Minister of social cohesion, Jean-Louis Borloo, leaders of Eiffage, Renault, Auchan, Bouygues Construction, Essilor and Talan thus proposed, in the presence of the "Echos", many improvements to the Bill which will be debated from tomorrow in the National Assembly.

Already run the savings mechanisms, they were committed to extend it to their main partners, in the first rank of which subcontractors. Project engagement, which allows to involve their partners in the company's performance is, as such, one of the most popular measures of the Bill. "It is a revolution in the way of thinking the savings." "Differences in treatment between corporations and their sub-contractors will be abolished," provides the President and CEO of Eiffage, Jean-François Roverato.

"Handful of bonus shares.

The possibility for companies to adopt industry on "turnkey" participation agreements goes in the same direction. "The measure will have a major impact among our subcontractors," said Renault Secretary General Michel de Virville.

But in wanting to develop the savings on larger scale, the Government gave to develop a better consideration of individual performance, they regret: "In a hypermarket, if RADIUS beef team shines by its effectiveness, it will still not be better rewarded than other employees." "This is the main limitation of this Bill," regrets the HRD of Auchan, Philippe Saudo. Criticism is especially for actions free, exempted from charge, and can now be placed on a plane company savings but provided assigned to all of the employees "of homogeneous manner". "Redistribution of wealth remains consistent while the creation of wealth is not." "When some employees were more deserving than others, should pay more", defends Mehdi Houas, President of Talan (services to companies, 195 employees). "A selective company savings plan, open to only certain employees, would be a valuable tool." "Otherwise, we will be forced to pay each employee a handful of free shares", said Michel de Virville.

A solution found ".

The issue of the international has also been underestimated by the Bill, say these major groups, which are an important part of their turnover abroad. The HRD regretted that the text introduces a different scheme of taxation for French and foreign employees. The French must retain their shares for two years so that they are tax. Foreign employees, for their part, are subject to a four year blocking period. "In a large group such as ours, the distribution of free shares cannot be thought on the international scale." Why not have aligned the tax system of the foreign employees of the French "queries Chantal Gibert-Sander, responsible of the shareholding employee in Essilor.

The HRD salute, on the other hand, the maintenance of the duration of blocking participation in five years. "Go to three years have brought more instability of capital and would have cost to the company", explains Jean-François Roverato, amounts to EUR 42 million cost for Eiffage-induced early release of 2004 ("measures Sarkozy") measures. Apart from Renault, no company felt, moreover, prepared to negotiate special conditions of unblocking at his level. "It is much too heavy," said Chantal Gibert-Sander. Therefore, the establishment by Decree of new cases of early release, solution adopted by the Government, seems more "appropriate".