“I’m Going To Stick With This Right To The End” – French President Hollande Threatens Union Protesters

Friday, May 27, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/27/2016

French president Francois Hollande is not bending to pressure by labor unions trying to force the government to retract unpopular labor laws that were recently forced through parliament. Unions have gone on strike in order to shut down refineries, and have blocked fuel distribution with barricades and pickets in hopes that the economy will suffer enough to get the government to back off the reforms. In response, the government is now sending police in riot gear to break up the blockades.

The unions, as they intended, are certainly having an impact. Fuel shortages intensified as 30 percent of the country’s 12,200 stations across the country are short of fuel and Total SA, France’s largest oil company said that 346 out of it’s 2,200 French gas stations are completely out of stock, while 395 lack some fuels according to Bloomberg.

Walkouts at Electricite de France SA cut more than 5,000 megawatts of combined output at a dozen nuclear reactors on Thursday (but have since returned to normal on Friday), and unions have gone on strike at all 8 French oil refineries, with Total reporting that five of its refineries have been completely halted.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter