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Sharp rise in job losses among entrepreneurs

2022-08-29T05:11:00.178Z


The pattern of job losses for bosses closely follows that of business failures, which have started to rise this year after falling nearly 50% in 2020 and 2021.


The number of entrepreneurs who lost their jobs increased by nearly 30% year on year in the first half of 2022 to reach 18,519, according to data published on Sunday August 28.

The bosses of hotels, restaurants and drinking establishments (+60.8%) are particularly affected by this increase which varies greatly from one region to another, according to figures compiled by the firm Altarès with the commercial courts for the employers' association GSC.

The latter encourages entrepreneurs to take out insurance against the risk of job loss with private insurers, as business leaders are not compensated by Pôle Emploi unlike employees.

The increase reached 63.4% over one year in Hauts-de-France, and 43.5% in Bourgogne-Franche-Comté, against only 10.2% in Ile-de-France.

The job losses of business leaders concern in 88% of cases the owners of very small businesses (TPE) achieving less than 500,000 euros in turnover.

For three-quarters of them, they are at the head of structures with less than three employees, knowing that micro-enterprises (auto-entrepreneurs) are not taken into account by the study.

Business leaders with more than 20 employees continue to see their job losses fall, by 13% for structures between 20 and 49 employees and by 16.3% for those with more than 50 employees.

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The pattern of job losses for bosses closely follows that of corporate insolvencies, which have started to rise this year after falling nearly 50% in 2020 and 2021, due to protective measures for corporate cash flow. put in place during the Covid-19 crisis.

"

The crisis is not behind us, it is in front of us

," said the president of the GSC association, Anthony Streicher, to AFP, who does not rule out that the level of 50,000 to 60,000 business leaders losing their employment each year before the health crisis is exceeded.

The median age of CEOs who lose their jobs is 46.7.

Source: lefigaro

All news articles on 2022-08-29

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