French parliament approves landmark bill to reform state rail company


Jun 13, 2018 12:37 PM - 4 days, 18 hours, 40 minutes, 38 seconds ago


French parliament approves landmark bill to reform state rail company

Reuters Staff

1 Min Read

PARIS (Reuters) - France’s National Assembly voted overwhelmingly in favor of a bill to overhaul the state-run SNCF railway company on Wednesday, backing President Emmanuel Macron’s efforts to break the unions and reform the economy.

French ministers and members of parliament leave the questions to the government session prior to the vote for the French government's SNCF reform bill at the National Assembly in Paris, France, June 13, 2018. REUTERS/Benoit Tessier

The bill, which the upper house Senate will approve in a vote on Thursday, turns the SNCF into a joint-stock company, giving its management greater corporate responsibility, will phase out its domestic passenger monopoly from 2020 and put an end to generous benefits and pensions for future employees.

The legislation, the most fundamental reform of the 150,000-strong company since nationalization in the 1930s, has been pushed through over the objections of unions, who have carried out nearly three months of strikes against the reforms.

Reporting by Elizabeth Pineau, writing by Luke Baker, Editing by Leigh Thomas...

Read the Article, CLICK HERE.

All Extracted Terms (Click to add to search.) French parliament approves landmark bill to reform state rail company    SNCF railway company    President Emmanuel Macron    National Assembly    French parliament    Luke Baker    Elizabeth Pineau    future employees    passenger monopoly    house Senate    government session    French government    landmark bill    French ministers    Leigh Thomas    

Discovered Stories

**The statements and opinions expressed are solely those of the author and do not necessarily reflect those of this website or it's affiliates. The opinions expressed here should not be understood as advocated by or sanctioned by this website or it's affiliates. Information contained on this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness and should not be relied upon. You use this website, information, and content at your own risk. This includes information and content linked to and from this website. Content displayed may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to report the news, advance understanding of the issues, and discover content. We believe this constitutes fair use of any such copyrighted material. Content is removed on a case by case basis. To request that content be removed, contact us using the following form: Contact Us. 4Internet LLC, its members, owners, employees, contractors, customers, users, agents, affiliates, and/or assigns, will not be liabile for any damages.