Economic news

French trade unions against government’s pension reform

2023.01.11 09:20


French trade unions against government’s pension reform

By Ray Johnson

Budrigannews.com – On Wednesday, opposition parties and unions in France said they would fight hard to stop a plan to make people work longer before getting a pension, which is very unpopular.

In response, the government of President Emmanuel Macron stated that it would stick to its plan and would not be intimidated by a nationwide call for strikes and protests on January 19.

If the reform that was announced on Tuesday is approved by parliament, French workers will have to continue working until they are 64 years old before they can retire. To receive a full pension, they will also need to work longer hours.

Laurent Berger, the moderate CFDT union’s leader, stated to France Inter radio, “We will fight so that this unfair reform is rolled back.”

The success of this first day of strikes, protests, and other actions will have a significant impact.

France has had protests and attempts to reform its pension system, which is one of the most generous and expensive in Europe, for decades.

That worked in 1995, when the most disruptive social protests since May 1968 saw millions of people take to the streets. However, despite protests, numerous additional pension reforms have been implemented since.

The hardline CGT union’s Philippe Martinez expressed optimism that unions could mobilize more protesters than in 1995.

He stated to BFM TV, “If the workers so decide, France will be brought to a standstill.”

Several workers declared their opposition to the reform in the streets of Paris.

Francesca Lemolt, who works in the accounts department and is 57 years old, stated, “I started working when I was 18 and I’m tired.” When there are so many young people looking for work, I don’t get why people should have to work longer hours.

However, the government stated that it would maintain its position.

Olivier Veran, a spokesperson for the government, stated, “I’m not afraid,” adding that the government was only attempting to balance the pension system’s accounts.

As many as 80% of voters, according to opinion polls, oppose the reform, but how many of them are prepared to strike or take to the streets is unknown.

At a rally on Saturday, few people showed up to support the anti-government yellow vest movement, which has been mostly dormant since violent street protests in 2018 and 2019.

In any case, the left-wing Nupes coalition in parliament, which urged workers to protest on Jan. 19, will support unions.

But what the conservative Les Republicains do will be much more important to the government, which lost its absolute majority in the lower house of parliament last year.

They said on Wednesday that they would get enough votes to pass the reform and that they liked a lot of it, but they would wait to see the specifics.

Before it goes to parliament, the proposal will be officially adopted by the government at a cabinet meeting on January 23. It hopes that the changes will take effect in September.

The retirement age will be raised by three months per year starting in September under its plan, reaching the goal of 64 in 2030.

To receive a full pension, one must have worked 43 years since 2027, eight years earlier than was planned in previous reforms.

More Brazilian authorities preparing for increase in protests

By Ray Johnson

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,616.03 2.35%
ethereum
Ethereum (ETH) $ 2,674.95 8.46%
xrp
XRP (XRP) $ 2.57 2.09%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 666.69 0.95%
solana
Solana (SOL) $ 181.55 5.67%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.238376 4.72%
cardano
Cardano (ADA) $ 0.830869 3.04%
tron
TRON (TRX) $ 0.271683 0.67%
staked-ether
Lido Staked Ether (STETH) $ 2,690.15 9.06%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,787.08 2.60%
sui
Sui (SUI) $ 4.04 2.88%
chainlink
Chainlink (LINK) $ 17.58 6.21%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,202.19 8.35%
avalanche-2
Avalanche (AVAX) $ 25.72 4.58%
stellar
Stellar (XLM) $ 0.314764 1.53%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 5.81%
hedera-hashgraph
Hedera (HBAR) $ 0.216448 2.20%
hyperliquid
Hyperliquid (HYPE) $ 26.10 6.92%
pi-network
Pi Network (PI) $ 1.21 4.59%
the-open-network
Toncoin (TON) $ 3.40 2.31%
bitcoin-cash
Bitcoin Cash (BCH) $ 413.87 1.73%
leo-token
LEO Token (LEO) $ 8.73 2.10%
polkadot
Polkadot (DOT) $ 5.19 2.79%
litecoin
Litecoin (LTC) $ 103.98 2.56%
weth
WETH (WETH) $ 2,691.80 8.99%
usds
USDS (USDS) $ 1.00 0.00%
monero
Monero (XMR) $ 340.84 0.77%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,872.32 9.38%
pepe
Pepe (PEPE) $ 0.000015 9.48%
bitget-token
Bitget Token (BGB) $ 4.80 1.02%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.11%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 104,747.06 2.47%
whitebit
WhiteBIT Coin (WBT) $ 30.25 0.26%
uniswap
Uniswap (UNI) $ 7.16 4.59%
bittensor
Bittensor (TAO) $ 462.42 2.22%
near
NEAR Protocol (NEAR) $ 3.24 3.35%
aptos
Aptos (APT) $ 6.19 6.68%
dai
Dai (DAI) $ 1.00 0.01%
aave
Aave (AAVE) $ 234.21 6.32%
ondo-finance
Ondo (ONDO) $ 1.05 3.17%
kaspa
Kaspa (KAS) $ 0.12481 12.00%
okb
OKB (OKB) $ 54.11 0.87%
ethereum-classic
Ethereum Classic (ETC) $ 20.73 5.63%
internet-computer
Internet Computer (ICP) $ 5.87 2.69%
crypto-com-chain
Cronos (CRO) $ 0.1028 2.19%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 36.46 5.91%