Monday, April 28, 2025

Latest

Scuffles Erupt As France Begins Nationwide Strikes For Higher Wages

In Paris on Tuesday, protestors clashed with police and broke shop windows as French trade unions began a nationwide strike to demand higher wages as inflation continues to soar.

According to the interior ministry, 11 people were arrested in the capital as 107,000 people around the country, including 13,000 in Paris, joined the protest led by left-wing parties and some trade unions. 

The strike, which primarily affects public sectors including schools and transportation, is part of the industrial action that has paralyzed the country’s major oil refineries for weeks, weighing on supplies at the pump, and leading the government to order employees to go back to their jobs as France grapples with an energy crisis. Unions sought to expand industrial action from oil refineries to other essential economic sectors.

“The question of wages is the French people’s number one priority,” the head of the General Confederation of Labour (CGT) union, Philippe Martinez, said ahead of the march, according to Reuters

“It’s more than urgent,” he added.

Tuesday’s strike cut regional train traffic by half, while some suburban services in the Paris region as well as bus services were also affected, according to operator RATP. Trade unions also hope to bring out staff in the food and healthcare sectors.

The day’s protests were relatively small compared to those of the yellow vest movement of 2018, where people protested a rents reform during President Emmanuel Macron’s first term. But, in the backdrop of a Europe-wide energy crisis, the strikes have proven to become Macron’s most challenging predicament since his re-election in May.

Prolonged strikes could have “heavy consequences” for the country’s electricity supplies for the winter as maintenance work for some reactors at nuclear power group EDF are delayed, the country’s national grid operator RTE warned on Tuesday. 

The industrial action at TotalEnergies, meanwhile, which has been going on for four weeks with no end yet in sight, continues to squeeze petrol supplies as the government faces the possibility of wider walkouts taking down other parts of the infrastructure.

TotalEnergies on Friday reached a deal that includes a 7% increase and a bonus with other unions, but the CGT union has continued with their walkouts demanding 10% pointing to inflation and the oil company’s profits. 

The strikes add to an already tense political climate. Prime Minister Elisabeth Borne said on Sunday that the government is set to pass the 2023 budget using special constitutional powers that would allow it to bypass a vote in parliament.


Information for this briefing was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

French Labor Unions Are Angry They’ll Need To Work Longer, New Retirement Age Will Still Be Below EU, G7 Average

The French government on Tuesday announced plans to extend the official retirement age from 62...

Wednesday, January 11, 2023, 12:29:00 PM

French Energy Prices Soar to 13-Year High Amid Sudden Cold Snap

Just when we thought things couldn’t get worse for Europe’s energy crisis, along comes a...

Tuesday, April 5, 2022, 12:46:00 PM

Bank of France Settles $2.4 Million in Digital Currency Pilot Project

With pressure continuing to mount on banking institutions and national governments to align themselves with...

Tuesday, January 19, 2021, 02:47:00 PM

France To Send Military Instructors to Ukraine

France is contemplating the deployment of military instructors to Ukraine to train the country’s armed...

Tuesday, May 28, 2024, 12:10:00 PM

Severed Submarine Fiber Cables In France Caused Global Connectivity Issues

At least three underwater fiber optic cables were severed in the south of France on...

Monday, October 24, 2022, 02:26:00 PM