After Bruno Le Maire who called on Tuesday, March 24, the major French groups to exercise restraint in the payment of dividends, the CFDT is also asking shareholders to make an effort as an economic shock caused by the pandemic looms.
“Many employees, to ensure continuity of service, must adapt in sometimes difficult conditions. In this context, it would be incomprehensible if the shareholders do not also make an effort,” writes CFDT, the first French union, led through Laurent Berger, general secretary.
50 billion were paid to shareholders by CAC 40 groups
“Companies and especially large groups must fully participate in national solidarity. It would indeed be neither reasonable nor responsible for companies to pay dividends to their shareholders as if nothing had happened,” insists the union, which recalls that the CAC 40 companies paid last year “nearly 50 billion to their shareholders”.
“The year 2020 presented itself under the same auspices, certain large French groups announced that they would not pay dividends to their shareholders. Others still seem to wonder,” notes the CFDT, for whom “the time is no longer hesitant “.
Last Tuesday, the Minister of the Economy called on big companies to show “the greatest restraint on the payment of dividends” to shareholders, at “a time when all the money must be used to run your business, to make sure it restarts in good condition. ”
The same day, the five unions of the Engie group asked in a letter to Bruno Le Maire that the dividend for the year 2019 be entirely allocated to investment, “in order to face the health crisis”.