1) The new amount of the legal severance compensation (“indemnité légale de licenciement”)
The legal severance compensation shall not be less than the following amounts:
1° A quarter of a month's salary per year of seniority up to ten years;
2° One third of a month's salary per year of seniority from ten years. (Art. R. 1234-2 of the French Labour Code)
Please note that if a collective agreement provides for a more favorable severance pay, this applies instead of the legal severance compensation.
For example, the Syntec collective agreement and the advertising collective bargaining agreement provide for a more favorable contractual indemnity of 1/3 of a month's salary per year of seniority.
For journalists, the contractual severance indemnity is even one month's salary per year of seniority.
60% of employees would be covered by a sectoral collective bargaining agreement (“convention collective de branche”) providing for a more favorable contractual severance indemnity than the legal severance compensation of the French Labor Code.
To read all the Article, please click on the link below:
Frédéric CHHUM Avocat à la Cour (Paris et Nantes)
. Paris : 4 rue Bayard 75008 Paris - Tel: 01 42 56 03 00 ou 01 42 89 24 48
. Nantes : 41, Quai de la Fosse 44000 Nantes - Tel: 02 28 44 26 44
e-mail : chhum@chhum-avocats.com
Blog : www.chhum-avocats.fr
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