-
French strike against Macron reforms enters day two

A strike that crippled public transport and closed schools across France entered a second day on Friday, with trade unions saying they planned to keep going until President Emmanuel Macron backs down from a planned reform of pensions.
The strike pits Macron, a 41-year-old former investment banker who came to power in 2017 on a promise to open up France’s highly regulated economy, against powerful trade unions who say he is set on dismantling worker protections.
The outcome depends on who blinks first - the unions who risk losing public support if the disruption goes on for too long, or the government which fears voters could side with the unions and blame officials for the standoff.
Macron’s government, along with many ordinary French citizens, have made plans to cope with the strike action through the weekend, but may take a different view on Monday, if the disruption extends into a second week.
Rail workers voted to extend their strike through Friday, while labor unions at the Paris bus and metro operator RATP said their walkout would continue until Monday. Other trade unionists were due to decide early on Friday how long they would keep up the strike.
“We're going to protest for a week at least, and at the end of that week it's the government that’s going to back down,” said 50-year-old Paris transport employee Patrick Dos Santos.
The industrial action already on Thursday brought tens of thousands of protesters into the streets in Paris and forced the closure of parts of the Louvre Museum, home to Leonardo da Vinci's “Mona Lisa”.
High turnout
Union leaders were buoyed by the proportion of healthcare staff, railway workers and teachers who heeded the strike call, and by the numbers who showed up at an anti-government march in Paris and other French cities.
Police said 65,000 marched in Paris, while 806,000 took part in protests nationwide. Union leaders put the numbers higher.
“There’s a noise in the streets, I hope the windows of the Elysee are open,” said Philippe Martinez, secretary-general of the CGT union, referring to the presidential administration.
Police used tear gas in central Paris on Thursday afternoon when protesters on the fringes of the trade unions’ march threw fireworks at officers, ransacked bus stops, and set fire to
rubbish bins.
There were dozens of arrests. Union leaders said those involved in the violence were not affiliated with the trade union movement.
Macron wants to simplify France’s unwieldy pension system, which comprises more than 40 different plans, many with different retirement ages and benefits. Rail workers, mariners and Paris Opera House ballet dancers can retire up to a decade earlier than the average worker.
Macron says the system is unfair and too costly. He wants a single, points-based system under which for each euro contributed, every pensioner has equal rights.
The government has given no indication it will make any climb-down over the central elements of the reform.
But mindful of the anger the subject has generated, Macron’s officials have left themselves scope to make some concessions over the way that the changes will be phased in.
source: Reuters
Tags
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!