Berliner Boersenzeitung - Macron faces strike as French unions flex muscles

EUR -
AED 4.193314
AFN 74.218449
ALL 93.772369
AMD 418.576664
ANG 2.044306
AOA 1047.04314
ARS 1700.213522
AUD 1.639359
AWG 2.055264
AZN 1.954989
BAM 1.955224
BBD 2.302122
BDT 140.878489
BGN 1.93067
BHD 0.430973
BIF 3400.398053
BMD 1.141814
BND 1.475465
BOB 7.905727
BRL 5.836265
BSD 1.142963
BTN 108.882917
BWP 15.458445
BYN 3.267337
BYR 22379.54574
BZD 2.298823
CAD 1.62246
CDF 2578.214825
CHF 0.922976
CLF 0.026938
CLP 1060.18761
CNY 7.738014
CNH 7.744094
COP 3761.891537
CRC 519.946795
CUC 1.141814
CUP 30.258059
CVE 110.232519
CZK 24.262167
DJF 203.540026
DKK 7.477708
DOP 67.120223
DZD 152.106656
EGP 56.704292
ERN 17.127203
ETB 183.350775
FJD 2.549903
FKP 0.851958
GBP 0.852004
GEL 3.020066
GGP 0.851958
GHS 13.104139
GIP 0.851958
GMD 83.924136
GNF 10025.046063
GTQ 8.72143
GYD 239.099548
HKD 8.949541
HNL 30.599984
HRK 7.536538
HTG 149.585924
HUF 356.006193
IDR 20644.617129
ILS 3.437886
IMP 0.851958
INR 108.849659
IQD 1497.358795
IRR 1569708.189451
ISK 143.45685
JEP 0.851958
JMD 180.596786
JOD 0.809541
JPY 185.550447
KES 147.736469
KGS 99.850223
KHR 4607.642332
KMF 493.263371
KPW 1027.632602
KRW 1711.75028
KWD 0.35346
KYD 0.952519
KZT 538.841227
LAK 25774.405425
LBP 102355.740299
LKR 383.477006
LRD 207.568839
LSL 18.617214
LTL 3.371478
LVL 0.690671
LYD 7.320843
MAD 10.677454
MDL 20.088081
MGA 4900.556023
MKD 61.626841
MMK 2397.199199
MNT 4093.700411
MOP 9.229181
MRU 45.537582
MUR 53.756808
MVR 17.640859
MWK 1982.015988
MXN 20.237475
MYR 4.647421
MZN 72.960341
NAD 18.617214
NGN 1573.328026
NIO 42.057607
NOK 11.169899
NPR 174.212667
NZD 1.972215
OMR 0.439471
PAB 1.142963
PEN 3.882856
PGK 5.102497
PHP 70.161025
PKR 317.72558
PLN 4.32753
PYG 6948.952452
QAR 4.166972
RON 5.237614
RSD 117.345424
RUB 87.504216
RWF 1679.105242
SAR 4.292835
SBD 9.189981
SCR 16.6308
SDG 685.657651
SEK 11.091834
SGD 1.477392
SHP 0.852479
SLE 27.803067
SLL 23943.263592
SOS 653.207529
SRD 42.944175
STD 23633.235341
STN 24.492783
SVC 10.001053
SYP 126.207048
SZL 18.614515
THB 38.00866
TJS 10.578483
TMT 3.996347
TND 3.378604
TOP 2.749213
TRY 53.647536
TTD 7.765712
TWD 36.66763
TZS 3003.215086
UAH 50.849317
UGX 4205.760749
USD 1.141814
UYU 46.08642
UZS 13804.932298
VES 809.324759
VND 29992.587639
VUV 135.88224
WST 3.152435
XAF 655.763775
XAG 0.019075
XAU 0.000278
XCD 3.085808
XCG 2.059993
XDR 0.81556
XOF 655.763775
XPF 119.331742
YER 270.69542
ZAR 18.648671
ZMK 10277.689882
ZMW 20.602929
ZWL 367.6635
  • CMSC

    0.0650

    22.085

    +0.29%

  • RIO

    1.0500

    90.54

    +1.16%

  • NGG

    0.2700

    82.59

    +0.33%

  • RBGPF

    0.3500

    67.35

    +0.52%

  • CMSD

    0.0700

    22.38

    +0.31%

  • GSK

    0.3100

    52.78

    +0.59%

  • BP

    0.6500

    39.2

    +1.66%

  • BTI

    -0.0151

    60.02

    -0.03%

  • AZN

    -6.8800

    171.61

    -4.01%

  • RELX

    0.3700

    32.44

    +1.14%

  • JRI

    -0.0200

    13.01

    -0.15%

  • RYCEF

    0.3800

    19.46

    +1.95%

  • BCC

    3.8200

    76.06

    +5.02%

  • BCE

    0.0600

    21.38

    +0.28%

  • VOD

    1.6400

    14.72

    +11.14%

Macron faces strike as French unions flex muscles
Macron faces strike as French unions flex muscles / Photo: STEPHANE MAHE - POOL/AFP

Macron faces strike as French unions flex muscles

French schools, trains and businesses are set to be affected Thursday by the first major strike called since the re-election of President Emmanuel Macron in April, as unions push for wage hikes and the end of planned pension reform.

Text size:

The extent of disruption remains uncertain, however, with the strike a test for the CGT union behind the protests, which is seeking to build support for a lengthy battle with the centrist government.

Macron has approved wage hikes for civil servants and teachers and put in place one of Europe's most generous anti-inflation safety nets that has capped energy prices for households and held down inflation.

But his insistence on raising the retirement age from its current level of 62 -- one of his main re-election campaign pledges -- has stirred up unions and other left-wing opponents and remains broadly unpopular around the country.

"We are against pushing back the age of retirement because we consider it an aberration when there are so many unemployed people in this country," Philippe Martinez, the head of the CGT, told the BFM broadcaster on Tuesday.

"Keeping people with work in their work means that people who haven't got any can't find it," he added.

Despite warnings from allies about the risk of failure, Macron has tasked his government with hiking the retirement age from the current age of 62, one of the lowest in Europe, with changes set to take effect next year.

With deficits spiralling and public debt at historic highs, the former investment banker has argued that pushing back pensions and getting more people into jobs are the only ways the state can raise revenue without increasing taxes.

His centrist party lost its majority in parliament in June, severely undermining his ability to push through changes.

"If the president insists on declaring a social war on the people, we will respond with all the means at our disposal," the parliamentary leader of the France Unbowed (LFI) political party, Mathilde Panot, tweeted on Wednesday.

- Stoppages -

Thursday's strike has been called by the CGT, France's second-biggest union, with backing from smaller partners Solidaires and FSU.

The influential CFDT and hard-left FO unions have declined to take part, underlining splits in the country's once formidable labour movement which has struggled to stop Macron's economic and social security reforms since he came to power in 2017.

Around one in 10 schools in Paris are expected to shut for the day on Thursday, while 300 will close in the southern Bouches-du-Rhone area which includes Marseille.

"We can really see that teachers are fed up with their salaries... if on top of that, there's the issue of pensions, it risks creating some sparks," said Guislaine David from the Snuipp-FSU union.

SNCF railways and the RATP metro system in Paris are also bracing for disruption to services, while employees of oil and gas giant TotalEnergies have been on strike since Tuesday.

Despite anger over the soaring cost of living, Macron is in a hurry to push through pension reform, which he first promised in 2017 before pausing in 2020 during the Covid-19 pandemic.

"I don't know anyone who wants to work for longer, but I don't know anyone who thinks they are not going to work for longer," a minister close to the president told AFP last week on condition of anonymity.

"Maybe I'm mistaken, but I'm not sure that the turnout will be as large as the unions and LFI are hoping for," the minister said.

burs-adp/sjw/ah/mca

(K.Müller--BBZ)