• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
SuccessFrance

French workers are furious over the president’s plan to raise the retirement age from 62 to 64

By
Ania Nussbaum
Ania Nussbaum
,
William Horobin
William Horobin
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Ania Nussbaum
Ania Nussbaum
,
William Horobin
William Horobin
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 7, 2023, 12:27 PM ET
Emmanuel Macron
French President Emmanuel Macron visiting the Jean Lartaut Middle School in Jarnac, western France, on February 28, 2023.Stephane Mahe—POOL/AFP/Getty Images
Add Fortune on Google for similar content.

French unions saw a rebound in turnout on Tuesday in a fresh round of strikes and protests aimed at forcing President Emmanuel Macron to abandon his plan to raise the minimum retirement age.

Rail company SNCF said services were severely disrupted and would remain so on Wednesday, urging travelers to postpone trips. Eurostar has scrapped 38 international trains linking London, Paris, Brussels and Amsterdam over the two days.

Paris subway and commuter schedules were also heavily impacted, according to operator RATP, which advised people to work from home if possible and predicted further disruption on Wednesday. Air France said it expected to operate eight out of 10 short- and medium-haul flights on both days.

Trucks were unable to access any of France’s six main oil refineries due to striking workers, disrupting supply of fuels such as gasoline and diesel to the nation’s filling stations. Walkouts curbed Electricite de France SA’s hydropower capacity by 5.6 gigawatts early Tuesday.

“It’s going to be the biggest day of mobilization since the start of this conflict,” CGT union head Philippe Martinez told reporters. “We see people are still determined, and the anger is still just as strong.”

Making the French work longer and retire later is a key plank of Macron’s plan to make the economy more attractive for investment and business. He says raising the minimum retirement age from 62 to 64 is necessary to keep public finances sound while funding other priorities such as the green transition.

Labor unions share broad opposition to the overhaul and are betting on a surge in the number of people taking part in a sixth round of protests on Tuesday after participation dropped significantly in February from a peak of 1.27 million on Jan. 31, according to Interior Ministry estimates.

Provisional government figures showed a sharp uptick in public sector workers striking. The numbers were slightly below those seen at the same time on the first day of protests on Jan. 19. Labor leaders have said many workers are limiting the number of days they walk out in order to preserve incomes at a time when surging inflation is already pushing up the cost of living.

Opinion polls indicate French opposition to the overhaul remains high, though off its peak. A survey of 1,002 adults by pollster Ifop for L’Humanite newspaper carried out on March 2-3 showed 65% of those interviewed want the government to withdraw the reform and support renewable strikes.

Macron’s government has shown no sign of backing down, however. Indeed, a poll of 1,119 people by Harris Interactive for RTL radio and AEF Info on March 3-6 showed 79% expect parliament ultimately to adopt the changes.

The legislation is being reviewed by the Senate through March 12. The goal is for it to come into effect in September.

Macron’s determination to push through the reform despite public opposition is set against a backdrop of mounting concern over inflation. Consumer prices in France jumped by a euro-era record of 7.2% in February from a year ago as food and services costs increased.

“There’s of course never a good moment to carry out a pension reform, but some times are worse than others — and this is a particularly bad one,” Bernard Sananes, president of pollster Elabe, told Bloomberg. “The pension reform is adding a layer of difficulty to those whose daily life is already difficult, and this is what the government underestimated.”

On Monday, French Finance Minister Bruno Le Maire unveiled a deal with retailers in which they agreed to take a hit to their margins amounting to several hundred million euros by offering the lowest possible prices for essential food items during a three-month campaign to help households.

As for the impact of the strikes on the French economy, it shouldn’t be overestimated, according to Charlotte de Montpellier, ING senior economist for France and Switzerland.

“Disruptions have been, for now, limited to some very specific sectors, such as transport,” she wrote. “Given the development of home working since the pandemic, it is likely that the indirect costs of transport disruptions on other sectors of activity will be much more limited than in previous strikes.”

The hit to economic growth could become quantifiable if the protests intensify drastically and some sectors are blocked for several weeks, she said, though an impact greater than 0.2 percentage points seems very unlikely.

–With assistance from Julien Ponthus and Francois de Beaupuy.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Authors
By Ania Nussbaum
See full bioRight Arrow Button Icon
By William Horobin
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

erik
AIJobs
‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts
By Nick LichtenbergJune 27, 2026
8 hours ago
Robert Shiller, professor of economics at Yale University
AIEconomics
Nobel laureate economist warns AI jobs apocalypse fears could become a self-fulfilling prophesy
By Eva RoytburgJune 27, 2026
9 hours ago
dr
Commentarydisruption
The uncertainty paradox: believe it or not, today’s massive uncertainty creates the best conditions for disruptive growth
By James G. Naples, Wendy K. Smith and Scott D. AnthonyJune 27, 2026
10 hours ago
One in 10 Gen Zers want their boss to be replaced by AI—they’re already being polite to ChatGPT just in case
SuccessGen Z
One in 10 Gen Zers want their boss to be replaced by AI—they’re already being polite to ChatGPT just in case
By Orianna Rosa RoyleJune 27, 2026
10 hours ago
young workers talking at their desks
SuccessGen Z
Stop blaming Gen Z for resisting RTO: 71% say they want a hybrid balance—and now they’re quietly leading the office comeback
By Sydney LakeJune 27, 2026
11 hours ago
Warren Buffett with his arm around Bill Gates
SuccessWealth
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
11 hours ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
11 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
3 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
4 days ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
3 days ago
Current price of silver as of Friday, June 26, 2026
Personal Finance
Current price of silver as of Friday, June 26, 2026
By Joseph HostetlerJune 26, 2026
1 day ago
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
AI
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.