Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >French unions gear up for fight against delayed retirement
    Business

    French Unions Gear up for Fight Against Delayed Retirement

    Published by Jessica Weisman-Pitts

    Posted on January 11, 2023

    3 min read

    Last updated: February 2, 2026

    Add as preferred source on Google
    Demonstrators gather in Paris to oppose the French government's plan to raise the retirement age to 64. This image highlights the growing unrest among unions and citizens regarding pension reforms.
    Protesters demonstrating against pension reforms in France - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Retirementfinancial managementpublic policyemployment opportunities

    By Noemie Olive and Ingrid Melander

    PARIS (Reuters) – French unions and opposition parties on Wednesday said they would fight hard to try to derail a highly unpopular plan to make people work longer before receiving a pension.

    President Emmanuel Macron’s government, in turn, said it wasn’t afraid of a nationwide call for strikes and protests on Jan. 19 and would carry on with its plan.

    The French will have to work two years longer to age 64 before retiring, if the reform, announced on Tuesday, is adopted by parliament. They will also need to work longer to get a full pension.

    “We will fight so that this unfair reform is rolled back,” the leader of the moderate CFDT union Laurent Berger told France Inter radio.

    Much will depend on the success of this first day of strikes and protests, and of other actions that will follow.

    France has a decades-long history of attempts to reform its pension system – one of the most generous and costly in Europe – and of protests to try to stop them.

    That worked in 1995, when millions took to the street in what were the country’s most disruptive social protests since May 1968. But several other pension reforms have gone through since despite protests.

    Philippe Martinez, of the hardline CGT union, said he hoped unions could rally even more protesters than in 1995.

    “If the workers so decide, France will be brought to a standstill,” he told BFM TV.

    ‘NOT AFRAID’

    On the streets of Paris, several workers said they were against the reform.

    “I started work when I was 18 and I’m tired,” said 57-year old accounts department worker Francesca Lemolt. “I don’t understand the principle of making people work longer when there are lots of young people looking for work.”

    The government, however, said it would stand its ground.

    “I’m not afraid,” government spokesman Olivier Veran said, adding that all the government was doing was trying to balance the pension system’s accounts.

    It is unclear how many of those who oppose the reform – as many as 80% of voters according to opinion polls – are ready to go on strike or take to the streets.

    The anti-government yellow vest movement, largely dormant since violent street protests in 2018 and 2019, saw low turnout at a rally on Saturday.

    Unions will in any case get the support of the left-wing Nupes coalition in parliament, which urged workers to protest on Jan. 19.

    But what matters much more to the government, which lost its absolute majority in the lower house of parliament last year, will be what the conservative Les Republicains do.

    They would bring enough votes to get the reform adopted, and confirmed on Wednesday that there was much they liked about it – though they would wait to see the details.

    The government will formally adopt the proposal at a Jan. 23 cabinet meeting, before it goes to parliament. It hopes the changes can come into force in September.

    Under its plan, the retirement age will be raised by three months per year from September, reaching the target age of 64 in 2030.

    From 2027, eight years earlier than planned in past reforms, it will be necessary to have worked 43 years to receive a full pension.

    (Reporting by Elizabeth Pineau, Noemie Olive, Writing by Ingrid Melander; Editing by Toby Chopra)

    Frequently Asked Questions about French unions gear up for fight against delayed retirement

    1What is a pension?

    A pension is a retirement plan that provides a regular income to individuals after they retire from work, typically funded by contributions from both the employee and employer during their working years.

    2What is retirement age?

    Retirement age is the age at which a person is eligible to retire and begin receiving pension benefits. This age can vary by country and specific pension plans.

    3What is a full pension?

    A full pension is the total amount of retirement benefits an individual is entitled to receive, usually based on their earnings and years of service, ensuring financial security in retirement.

    4What are pension reforms?

    Pension reforms are changes made to a country's pension system aimed at improving its sustainability, often involving adjustments to retirement age, contribution rates, or benefit calculations.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostGerman Industry Is Losing Green Energy Race, Autos Association Warns
    Next Business PostChristmas Fizz Prompts UK’s Sainsbury’s to Lift Profit Guidance