French business leaders hold their breath for 2027, fearing hiring freeze

French business leaders are approaching the post-summer period with palpable apprehension, voicing concerns that companies are no longer hiring. The sentiment was evident at La Ref 2026, the annual gathering hosted by Medef, the main employers' organization.

Attendees at the event, a key fixture marking the end of the summer break, are urgently calling for clearer economic forecasts and a significant reduction in business charges. This demand reflects a broader unease about the current economic climate and its potential impact on future investment and employment.

The prevailing mood among the patrons is one of holding their breath, with many expressing a wait-and-see attitude as they anticipate the economic conditions leading up to 2027. This uncertainty is directly translating into a cautious approach to recruitment, with businesses hesitant to expand their workforces under the current conditions.

The call for reduced charges and greater visibility underscores a desire for a more stable and predictable business environment. Business leaders hope that addressing these concerns will encourage a more robust hiring market and foster economic growth in the coming years.