PARIS, Oct 1, 2008 (AFP) - The French government will present a bill in the coming weeks to tighten the screws on chief executives who walk away from their posts with golden parachute payoffs, a government spokesman said Wednesday.

President Nicolas Sarkozy told a cabinet meeting held against the backdrop of the global credit crunch 'wanted the very quick adoption of a text that restricts the system of golden parachutes,' Luc Chatel told reporters.

'He wants this to be outlined very concretely in a bill in the coming weeks,' he said.

Sarkozy campaigned for the presidency last year on a promise to outlaw golden parachutes after an outcry over a multi-million-euro payment given to French aerospace executive Noel Forgeard, of Airbus parent company EADS.

Details of Forgeard's 8.5 million euro (11.5 million dollar) package were released after Airbus announced it would cut 10,000 jobs across Europe as part of a turnaround plan.