Overview
- Months of negotiations between unions and employers collapsed late Monday without an accord to modify the reform that raises the retirement age from 62 to 64.
- Prime Minister François Bayrou held an early-morning press conference and summoned both sides to a follow-up meeting on Tuesday in a last-ditch effort to break the deadlock.
- Unions demanded provisions for early retirement for physically demanding jobs and better maternity leave credits, which employers rejected over concerns about the pension fund’s finances.
- Bayrou has ruled out any changes that would increase the system’s projected €30 billion deficit by 2045, insisting that any amendment must plug the funding gap.
- With opposition patience fraying, Socialist leader Olivier Faure signalled a censure motion and potential no-confidence vote if the government bars parliamentary amendments.