Don’t miss the latest developments in business and finance.

French government 'very determined' to implement pension reform: PM

Image
AFP Paris
Last Updated : Dec 06 2019 | 10:40 PM IST

The French government is "very determined" to push ahead with its pensions reforms, Prime Minister Edouard Philippe said on the second day of a crippling nationwide strike aimed at pressuring President Emmanuel Macron to shelve the plan.

The French "know that little by little we will have to work a bit longer," he said, vowing to bring France in line with "other comparable countries".

The prime minister added that the government would work with trade unions to introduce a single points-based pension scheme for all, a move that involves scrapping the 42 more advantageous plans currently enjoyed by train drivers, soldiers, lawyers and a host of other professions.

He said he did not believe the French would eternally accept a situation where some people in the public sector get to retire "with a little bit more (money) and far earlier than others" than others, some of whom may be doing the same job.

But he also attempted to appease the public transport workers, teachers, firefighters and other employees behind the biggest strike in France in years.

Nearly all trains and Paris metro services have been cancelled over the past two days and large numbers of schools have been closed, in the opening salvo of an open-ended strike that could severely test Macron's reform agenda.

Philippe emphasised that the pension reforms, which he said would be unveiled on Wednesday, would be introduced "progressively, without harshness".

"My logic will never be one of confrontation," he said.

Also Read

First Published: Dec 06 2019 | 10:40 PM IST

Next Story