paris french president emmanuel macron government announce reform loosen labor regulations drive unemployment draw criticism unions limit support street protest hind previous reform bid weeks negotiations unions summer centrist government reveal measure include cap payouts dismissals adjudge unfair great freedom hire fire plan would also give company flexibility adapt pay work hours market condition labor code reform first big test macron drive re-shape euro zone second big economy near double-digit jobless rate double britain markedly high germany also seek grand bargain germany broad reform euro zone decades governments leave right try reform france strict labor rule always dilute face street protest reform make direct reference france 35-hour week give employers flexibility negotiate deal employees work around labour minister muriel penicaud describe five decree lay reform transformation labor rule unprecedented scale prime minister edouard philippe say necessary fight france stubbornly high unemployment truth boss especially small company foreign investors exist labor law see brake hire investment philippe say trade unions less upbeat perceive loss long-cherished workers right fear confirm say philippe martinez head hard-left cgt union government present decree unions employers say union would press ahead plan protest sept. 12. macron assiduous court unions summer appear bear fruit france big union reformist cfdt say disappoint amount miss opportunity improve labor relations cfdt small force ouvriere one spearhead last year anti-reform protest say would join cgt protest reform rise occasion cfdt leader laurent berger tell reporters add take streets mode action unions set cap compensation dismissal judge labor court unfair set three months wag two years company amount rise progressively depend long worker firm concession unions normal severance pay would increase 20 percent one month wage year company 25 percent economists draw parallel germany spain much resemble labor reform carry germany 2004-2005 say florian hense european economist berenberg bank could well propel france golden decade like germany dutch bank ing say ceiling dismissal compensation milestone labor flexibility real positive permanent contract creation spain similar reform kick-start unprecedented labor market recovery pierre gattaz head medef employers federation describe reform important first step would boost confidence within company cpme small business lobby even positive last say statement months negotiations get result reform wait long labor reform come 39-year-old president suffer steep drop popularity rat early policy announcements include overhaul wealth tax cut house assistance leave swathe voters feel policies favor rich pollsters say government plan start talk overhaul unemployment benefit october tackle pension reform next year parliament macron republic move party command majority already vote allow government issue decree without vote assembly government plan adopt decree sept. 22. france unveil labor reform first step re-shaping economy