Profit-sharing set up by unilateral decision in firms with fewer than 50 employees

Article 4 of the law of 16 August 2022 on emergency measures to protect purchasing power allows the employer of a firm with fewer than 50 employees to set up a profit-sharing scheme by unilateral decision, for one to five years, when the firm has neither a union delegate nor a social and economic committee, or when negotiations have failed. The maximum length of profit-sharing agreements goes from three to five years and tacit renewal can occur several times.