France is grappling with a deepening economic crisis as the country witnesses a surge in layoffs and industrial closures. Major corporations like Michelin, Auchan, and ArcelorMittal have announced large-scale redundancies, reflecting a broader wave of job destruction in French capitalism.
According to the General Confederation of Labour (CGT), up to 150,000 industrial jobs are at imminent risk. These closures are triggering a domino effect, with suppliers and subcontractors either filing for bankruptcy or implementing layoffs, compounding the economic challenges.
The crisis is unfolding amidst heightened class struggles, with workers increasingly protesting against job losses and government policies. The mounting tension underscores the fragility of both the economy and the political regime as pressure builds from the working class for systemic change.
