Pension reform: what cost for the strike?

Pension reform: what cost for the strike?

For several weeks, part of France has gone on strike to protest against the pension reform. A mobilization that has real economic consequences.

Pension reform: what cost for the strike?

The mobilization against the pension reform has been going on for many weeks in France. A strike that would have cost according to Matignon “850 million euros in losses at SNCF and 200 million euros at RATP”, announces journalist Frédérique Hénaut. Other sectors were strongly affected, such as the hotel and catering industry, whose losses are estimated at between 720 and 740 million euros. In Paris and Île-de-France, restaurant turnover fell by 30%, and that of certain hotels by 50%.

The war of numbers

The whole country is affected by this social movement which continues. It is the activity of France which is threatened but certain observations are opposed. The Minister of the Economy Bruno Le Maire assures that “Growth will reach 1.3% in 2019, just as we expect in 2020.” But at the same time, the president of the Confederation of Small and Medium-Sized Enterprises (CPME) François Asselin announces that “The strike costs the French economy 400 million euros per day”, or 15 billion euros since the start of the movement on December 5.