AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

France braces for nation-wide strikes on Thursday that unions say will touch off huge protests for the second time in two months against President Nicolas Sarkozys handling of the economic crisis. Nearly three-quarters of the French believe the strike called by all of Frances main trade unions is justified, according to a poll released Tuesday.
More than a million people took to the streets on January 29, the biggest protests held since Sarkozy took office in May 2007 on a promise to reform France and raise living standards. "The turnout will be strong on Thursday," said Francois Chereque, head of the CFDT union. "It will be as strong as on January 29." French workers are feeling acute pain from the economic downturn, Chereque told a French television interview at the weekend. "Everyone knows a neighbour or a friend who is affected."
Unemployment has surged past eight percent and will climb further during the year as France and its eurozone neighbours sink into a recession that appears likely to last well into 2010. Economy Minister Christine Lagarde warned this month that 2009 would "be difficult both economically and socially" for France, with job losses predicted to number 350,000 this year and the economy set to shrink by 1.0 to 1.5 percent.
Unions are calling on Sarkozy to scrap plans to cut public sector jobs, reverse tax cuts handed out in 2007 and boost social protection as the economy nosedives, shedding thousands of jobs in heavy industry among other sectors. The strike on Thursday is expected to cause disruption to public transport and train services and shut down some schools and government offices. Private sector workers are also set to take part.
After holding a high-profile "social summit" with labour leaders last month, Sarkozy offered a string of new benefits to help families cushion the blow from the crisis. But the unions dismissed the package as insufficient and vowed to step up protests.
"The head of state must agree to discuss our proposals," Bernard Thibault, head of the CGT, Frances biggest union, told Le Monde daily. "He cannot just say that this crisis is unprecedented, that reforms have been decided and that there is no need to change course. This is what prompts us to continue to mobilise," said Thibault.
The poll published in the financial daily Les Echos showed 74 percent of the French considered the one-day strike as justified and 62 percent said they disapproved of the governments economic policies. The poll, of 1,003 people, was carried out between March 13 and 14.

Copyright Agence France-Presse, 2009

Comments

Comments are closed.