Paris BlackRock Building Witness Protesters Over Pension Reform

Dozens of trade unionists railing against French President Emmanuel Macron's pension overhaul briefly invaded the central Paris building in which U.S.-based investment firm BlackRock has an office, chanting slogans and setting off firecrackers. The union action in the historical Centorial building near Paris' Grand Boulevards area, targetted BlackRock because of its private pension fund activity, protester Françoise Onic, 51, told Reuters. The action came on an 11th day of nationwide union-organised strikes and demonstrations against the government's plan to increase the retirement age by two years to 64. The Sun newspaper brings you the latest breaking news videos and explainers from the UK and around the world Become a Sun Subscriber and hit the bell to be the first to know Read The Sun: Like The Sun on Facebook: Follow The Sun on Twitter: Subscribe to The Sun on Snapchat: ...(read more)

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A group of protesters in Paris recently invaded the BlackRock building to demand pension reform. The protestors stormed the headquarters of the world's largest asset manager, which has repeatedly supported pension reforms in France. BlackRock's building was occupied by dozens of members of the General Confederation of Labour (CGT), an influential French trade union. The CGT is demanding the government make pension reform concessions, as well as more support for workers impacted by the economic crisis caused by the COVID-19 pandemic. The protesters arrived outside the BlackRock building in the early hours of the morning and scaled its exterior walls before entering the premises. Once inside, they displayed banners and posters, banged drums and chanted slogans aimed at the asset manager. The CGT accuses BlackRock of pressuring the French government to raise the retirement age to 64 and to switch to a points-based system for calculating pensions. This would affect millions of French workers who already face an uncertain future due to the pandemic. BlackRock has strongly denied the allegations, pointing out that pension reform is a complex issue that requires collaboration between the government, employers and workers' representatives. The firm has also stressed it is committed to social responsibility, including sustainable and responsible investment. The protest at the BlackRock building highlights the growing frustration among French workers and trade unions with the government's pension reform agenda. French President Emmanuel Macron promised comprehensive reform of the country's pension system during his election campaign, but the proposed changes have faced fierce opposition and have remained unchanged. The CGT and other trade unions are demanding a more generous pension system that recognizes the contributions workers have made throughout their careers. They are also calling for increased support for workers who have lost their jobs or seen their income fall due to the economic crisis caused by the pandemic. The BlackRock protest shows how pension reform has become a highly controversial issue that is unlikely to be resolved anytime soon. As French workers and trade unions demand more protection and support in the wake of the pandemic, the government will need to work harder to find a solution that satisfies all stakeholders. https://inflationprotection.org/paris-blackrock-building-witness-protesters-over-pension-reform/?feed_id=89629&_unique_id=64410d05a4591 #Inflation #Retirement #GoldIRA #Wealth #Investing #antipension #blackrock #breakingnews #Building #Covid19 #demonstrations #Demonstrators #EmmanuelMacron #France #Francelatest #Francenews #franceprotests #French #FrenchPresident #Frenchprotests #Macron #Macron’sgovernment #news #Paris #parisprotests #pension #pensionagereforms #Pensionreformprotesters #pensionreforms #pensions #PresidentEmmanuelMacron #protesters #Reform #Retirement #retirementage #strikes #TheSun #tradeunionists #RetirementPension #antipension #blackrock #breakingnews #Building #Covid19 #demonstrations #Demonstrators #EmmanuelMacron #France #Francelatest #Francenews #franceprotests #French #FrenchPresident #Frenchprotests #Macron #Macron’sgovernment #news #Paris #parisprotests #pension #pensionagereforms #Pensionreformprotesters #pensionreforms #pensions #PresidentEmmanuelMacron #protesters #Reform #Retirement #retirementage #strikes #TheSun #tradeunionists