Job losses: a sharp increase among entrepreneurs – 08/29/2022 at 08:34

Seniors are particularly affected, while managers of small structures are also weakened.


( AFP / PHILIPPE LOPEZ )

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

Bosses in the hotel, restaurant 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.

TPE bosses very concerned

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.

Evolution of the unemployment rate as defined by the International Labor Office (ILO) in France since the 2nd quarter of 2010, until Q2 2022 (AFP / )

Evolution of the unemployment rate as defined by the International Labor Office (ILO) in France since the 2nd quarter of 2010, until Q2 2022 (AFP / )

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. The evolution of

job losses of bosses closely follows that of failures

companies, which started to increase this year after having fallen by almost 50% in 2020 and 2021, due to the protective measures for the cash flow of companies put in place during the Covid-19 crisis.

“The crisis is not behind us, it is in front of us,” GSC association president Anthony Streicher told 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 business leaders who lose their jobs is 46.7 years old.

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