Thousands march against pension reform in Paris

Image
AFP Paris
Last Updated : Jan 04 2020 | 8:35 PM IST

Thousands of people demonstrated on Saturday against French President Emmanuel Macron's proposed pension reforms which have sparked a month-long transport strike.

Some protesters donned the yellow vests which over the past year have become symbolic of opposition to Macron's attempts at reforms he says will rationalise France's 42 separate pension regimes into a single points-based system.

Unions reject the scheme saying it would require millions of people to work beyond the official retirement age of 62.

The marchers set off after midday from the Gare de Lyon railway station in eastern Paris behind a giant banner reading, "Macron, withdraw your project; save and improve our retirements", heading for Gare de l'Est, four kilometres (2.5 miles) to the north, an AFP reporter said.

Reaching the opera house at Bastille square, some demonstrators shouted "we don't want the grandfather clause" referring to proposals for new opera dancers to lose the current generous pension benefits enjoyed by older colleagues who can currently retire at 42.

So far, more than 60 performances at the Paris opera's historic Garnier and modern Bastille stages have been cancelled, leading to losses of more than 12 million euros (USD 13.4 million) in ticket sales.

Several other professions, including train drivers, also enjoy special pension provisions. Macron wants to simplify the system and is banking on support falling for the strikers the longer the disruption goes on amid what is now the longest continuous train strike in French history.

A new poll published Friday showed a majority of 61 per cent still support the strike, although that was five points lower than a December 19 survey, according to pollster Odoxa.

Unions have called another day of mass demonstrations for Thursday, when teachers, hospital workers and others are expected to join the strike.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 04 2020 | 8:35 PM IST

Next Story