Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EDF unions consider strike over Hercules reorganisation plan

Published 11/30/2020, 04:21 AM
Updated 11/30/2020, 04:25 AM
© Reuters. Electrical power pylons of high-tension electricity power lines are seen next to the EDF power plant in Bouchain

PARIS (Reuters) - Four EDF (PA:EDF) worker unions on Monday asked to meet French Prime Minister Jean Castex over the government's plans to reorganise the power group and said they would organise press ahead with a second day of stoppages in protest.

The CGT, CFE-CGC, FCE-CFDT and Forces Ouvrieres (FO) unions already held a first day of strikes last week, hitting EDF's nuclear energy output. In a joint statement on Monday they were envisaging more industrial action on Dec. 10 if they received no proposal to meet Castex.

The French government is working on a plan, called project "Hercules", to ringfence EDF's nuclear arm from the rest of the power giant and is in talks with Brussels on the matter. That has raised concerns over jobs among employees, fearful that a strict split between EDF businesses could mean cuts.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.