Established by Fathi Ibrahim Bayoud 2005 - Homs

French PM says no talks on SNCF debt until reform talks progress

Europe | 2018-04-05 09:31:00
French Prime Minister Edouard Philippe said Thursday he would not back down on plans to overhaul the state-run SNCF railways, as the pro-reform CFDT labor union said it would take part in a further wave of strikes starting on Sunday.

Philippe reiterated that he would not enter into talks over how much of the SNCF's debt of 46 billion euros ($56.38 billion) the government would soak up until progress was made on the future organization of the SNCF and employee rights.

"I'm open to discussion on debt ... but in return for extremely clear commitments that will transform the company's operations," Philippe told France Inter radio.

The four main rail unions - CGT, Sud Rail, CFDT and UNSA-Railways - plan to strike two days in every five over the next three months, the sternest challenge yet to President Emmanuel Macron's plans to modernize the French economy.

Macron's government says the SNCF, which is losing 3 billion euros a year, needs to change radically to deal with competition when the network monopoly starts to end in 2020, in line with liberalization rules agreed at the European Union level.


 
Reuters
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