Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Air France union calls 24-hr strike for Oct 12

Published 10/07/2010, 08:51 AM
Updated 10/07/2010, 08:56 AM

PARIS, Oct 7 (Reuters) - Unions at Air France said on Thursday they would join a 24-hour strike next week in protest at President Nicolas Sarkozy's plans to raise the minimum retirement age. They called in a statement for the "broadest possible participation" in Tuesday's stoppage, and said they were considering a call for unlimited strike action.

Workers at the state railways and energy sector have announced open-ended strikes from Oct. 12, adding to the nationwide stoppage and protests already planned that day.

The pension reform, which raises the minimum retirement age to 62 from 60 and the full retirement age to 67 from 65, is aimed at balancing France's loss-ridden pension system by 2018. Prime Minister Francois Fillon has warned that otherwise the system would bleed 45 billion euros ($62.94 billion) a year by 2020, derailing France's attempts to pare back its deficit.

France aims to slash its budget deficit to the EU ceiling of 3 percent by 2013, from a forecast of 7.7 percent this year.

Sarkozy's office announced on Thursday it would make concessions in the reform on the retirement age for mothers of at least three children, with the 3.4 billion euro cost covered by an increase in capital gains tax on property sales. (Reporting by Daniel Flynn; Editing by Mark Heinrich)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.