French pension plan protesters briefly storm Summer Olympics HQ By Reuters

By Sarah Meyssonnier and Foreign exchange dealers that can trade tryLayli Foroudi

PARIS (Reuters) -French anti-pension reform protesters stormed the headquarters of the Paris 2024 Olympic Games on Tuesday as trade unions made a last-gasp attempt to pressure lawmakers into reversing President Emmanuel Macron's raising of the retirement age.

BFM television broadcast images of several dozen hardleft CGT trade union militants briefly occupying the building in Aubervilliers, northern Paris, as marches got under way in towns and cities across France.

"There was no violence and no damage," a Games spokesperson told Reuters.

Trade unions have fought Macron's move to make the French work longer since mid-January, with rolling strikes and protests that have at times descended into violence on the fringes.

Macron says it was necessary to lift the legal retirement age by two years to 64 to plug a widening pension deficit. However, trade unions say the money can be found elsewhere, such as by taxing the wealthy more.

The new pension law is already on the statute books and after months of rare unity among the biggest trade unions, there are now divisions over where to focus energies.

"This will be the last protest of this kind over the pension matter," Lauren Berger, head of the reform-minded CFDT trade union, said ahead of the protest in Paris.

Sophie Binet, leader of the CGT, said her union would battle on. Even so, she acknowledged that turnout was set to fall on previous rounds.

"There's a lot of anger but also fatigue," Binet said, adding that strikers had felt the pinch on their wallets.

'BALANCE OF POWER'

Between 400,000 and 600,000 people were expected to join the protests, authorities said, which would be down from more than a million who took part at the height of the pension protests earlier this year.

Some protesters have threatened to disrupt next summer's Olympics if Macron does not back down. Banners reading "No retirement, No Olympics" were visible in Paris.

Some 11,000 police were deployed, including 4,000 in Paris, on Tuesday. Fuel deliveries were blocked from leaving TotalEnergies' Donges site, near Nantes in western France where riot police clashed with black-clad protesters.

Disruption to rail travel was light. The civil aviation authority asked airlines to cancel a third of flights out of Paris-Orly, the capital's number two airport, and a walk out by some air traffic control staff forced some overflight cancellations.

"Again today we've had to cancel some 400 flights ... because of French ATC strikes. The majority of these flights are overflights and not going to France," Ryanair CEO Michael O'Leary tweeted.

Macron and his government have been on a blitz in past weeks to shift the narrative. The French leader has unveiled electric vehicle battery investments, tax credits for green industry and tax cuts for the middle classes.

Berger said the CFDT's aim was now to turn anger into a "show of strength" in talks with the government on issues such as improving work conditions to purchasing power.

On Thursday, an opposition-sponsored motion aimed at cancelling the minimum pension age increase will be reviewed by parliament.

It is expected to be rejected by the lower house's speaker, a member of Macron's party, because under the constitution, lawmakers cannot pass legislation that weighs on public finances without measures to offset those costs.

But unions hope a big protest turnout could pressure lawmakers into holding a vote and set the stage for further challenges.

"We need to prepare for what's to come (after the summer)," said 60-year-old sewer works engineer Jean-Luc Carbonari. "We need to reverse the political balance of power."

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!