The Japan Times - Macron pension reform hits French parliament as new strike looms

EUR -
AED 4.048988
AFN 71.653352
ALL 90.233152
AMD 397.442801
ANG 1.973656
AOA 1011.960474
ARS 1704.382464
AUD 1.628051
AWG 1.984235
AZN 1.878376
BAM 1.951036
BBD 2.220877
BDT 137.145087
BGN 1.95499
BHD 0.415753
BIF 3312.570815
BMD 1.102353
BND 1.419813
BOB 12.873388
BRL 6.246268
BSD 1.102607
BTN 103.857962
BWP 15.412153
BYN 3.303388
BYR 21606.119128
BZD 2.217684
CAD 1.573224
CDF 2551.947633
CHF 0.924565
CLF 0.027875
CLP 1097.084206
CNY 7.354624
CNH 7.358449
COP 3659.778945
CRC 494.093407
CUC 1.102353
CUP 26.463016
CVE 110.401089
CZK 24.405329
DJF 195.910612
DKK 7.476493
DOP 66.917109
DZD 151.273137
EGP 58.978161
ERN 16.535295
ETB 177.534385
FJD 2.483877
FKP 0.832628
GBP 0.834294
GEL 2.855525
GGP 0.832628
GHS 12.925133
GIP 0.832628
GMD 81.574515
GNF 9764.096088
GTQ 8.429301
GYD 230.683524
HKD 8.648676
HNL 29.708842
HRK 7.531237
HTG 144.594927
HUF 364.882711
IDR 20101.848202
ILS 3.545943
IMP 0.832628
INR 103.905536
IQD 1668.962467
IRR 2109614.310597
ISK 136.615035
JEP 0.832628
JMD 174.224538
JOD 0.781612
JPY 176.073379
KES 143.361434
KGS 96.384792
KHR 4497.600695
KMF 492.752185
KPW 992.118101
KRW 1473.366503
KWD 0.34335
KYD 0.918844
KZT 491.483094
LAK 24836.013852
LBP 98715.713034
LKR 366.73942
LRD 187.400397
LSL 18.663257
LTL 3.254962
LVL 0.666803
LYD 7.104708
MAD 10.981314
MDL 20.028816
MGA 5059.800729
MKD 61.545168
MMK 2314.830962
MNT 3972.970265
MOP 8.911016
MRU 44.759659
MUR 52.494468
MVR 16.980358
MWK 1913.685217
MXN 20.433771
MYR 4.504329
MZN 70.444469
NAD 18.663252
NGN 1481.088858
NIO 40.570694
NOK 10.552253
NPR 166.167676
NZD 1.994849
OMR 0.424561
PAB 1.102607
PEN 3.75135
PGK 4.97327
PHP 70.506912
PKR 304.914924
PLN 4.405592
PYG 6843.288459
QAR 4.01725
RON 5.348511
RSD 117.465677
RUB 91.30685
RWF 1627.073053
SAR 4.160787
SBD 8.926521
SCR 15.372648
SDG 663.069392
SEK 11.106249
SGD 1.418953
SHP 0.830054
SLE 25.409646
SLL 23115.795624
SOS 631.101139
SRD 41.327623
STD 22816.481805
STN 24.472237
SVC 9.648438
SYP 14332.794295
SZL 18.663243
THB 37.34225
TJS 10.171722
TMT 3.858236
TND 3.316433
TOP 2.654202
TRY 55.49477
TTD 7.484722
TWD 36.257938
TZS 2920.045358
UAH 50.132575
UGX 4553.879273
USD 1.102353
UYU 44.690863
UZS 13271.228337
VES 1006.315196
VND 28358.582532
VUV 132.649143
WST 3.080921
XAF 655.957
XAG 0.022553
XAU 0.000284217451
XCD 2.979165
XCG 1.987211
XDR 0.779421
XOF 655.957
XPF 119.331742
YER 260.762006
ZAR 18.713826
ZMK 9922.503926
ZMW 22.543641
ZWL 354.957222
SSP 6555.153946
MXV 2.294737
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Macron pension reform hits French parliament as new strike looms
Macron pension reform hits French parliament as new strike looms / Photo: JULIEN DE ROSA - AFP/File

Macron pension reform hits French parliament as new strike looms

The French parliament was on Monday to start debating a contested pension reform championed by President Emmanuel Macron a day ahead of new strikes and mass demonstrations against the plan.

Text size:

The reform is the flagship domestic policy of Macron's second and final term in office, with the president determined to implement it in the face of fierce opposition from the political left and unions, but also the wider public.

He faces a dual challenge from the street and in parliament, where his ruling party lost its overall majority in elections last year even though it remains the largest faction.

His government under Prime Minister Elisabeth Borne wants to pass the legislation with the help of the right, and without recourse to the 49.3 article of the constitution.

This article allows the adoption of a text without a vote, unless a vote of confidence is called, in a move that would risk stoking more protests.

Left-wing opponents of the administration have already filed thousands of amendments ahead of the parliamentary debate beginning on Monday afternoon.

- 'Huge mobilisation' -

Walkouts and marches are planned for both Tuesday and Saturday, although unions for rail operator SNCF said they would not call for a strike at the weekend, a holiday getaway date in some regions, and just protests.

Trains and the Paris metro are again expected to see "severe disruptions" Tuesday according to operators, and around one in five flights at Orly airport south of the capital are expected to be cancelled.

Last week's demonstrations brought out 1.3 million people nationwide, according to a police count, while unions claimed more than 2.5 million attendees. Either way, it marked the largest protest in France since 2010.

"It's out in the country that this will be settled, either by a revolt or by enduring disgust" with the government, said Francois Ruffin, an MP for hard-left France Unbowed.

"The government is no longer trying to convince people, but just to win, win by resignation and exhaustion" among opponents, he added.

With pressure growing, Borne on Sunday offered a key concession to win support from the conservative Republicans party in parliament.

While the reform will set a new legal minimum retirement age of 64 for most workers -- up from 62 -- Borne said people who started work aged between 20 and 21 will be covered by an exemption allowing them to leave earlier, at 63.

Calling the offer a "band aid", the head of the CFDT union Laurent Berger said that the move "isn't the response to the huge, geographically and professionally diverse mobilisation" that has swept France.

But Republicans chief Eric Ciotti told the Parisien newspaper that he would back the reform, potentially securing a majority for the government.

- Keep seniors working -

After an attempted 2019 pensions reform that was stymied by the coronavirus crisis, the changes mark another step by reformist Macron in aligning France with its EU neighbours -- most of which already have higher retirement ages than the proposed 64 years.

He and his ministers aim to get the pensions system out of deficit by 2030 by finding around 18 billion euros ($19.5 billion) of annual savings -- mostly from getting people to work for longer and abolishing some special retirement schemes.

But while Borne and others have insisted theirs is a fair reform, critics say that women will on average have to wait still longer for retirement than men, as many have interruptions in their careers from childbearing and care responsibilities.

Opponents also say the reform fails to adequately account for people in physically strenuous jobs like builders and doesn't deal with companies' reluctance to hire and retain older workers.

Borne said the government would pile pressure on companies to end the practice of letting go of older employees, which leaves many struggling to find work in their final years before pension age.

"Too often, companies stop training and recruiting older people," Borne told the JDD weekly on Sunday.

"It's shocking for the employees and it's a loss to deprive ourselves of their skills."

M.Yamazaki--JT