Believing that it "does not guarantee freedom of negotiation" the FO union decided to leave the financing conference to balance the pension system.

Labor force decided on Monday to leave the financing conference to balance the pension system, because it "does not guarantee freedom of negotiation", after a meeting of its management, according to a press release from the federal office .

"Unacceptable constraints" set from the start

FO deplores the fact that the Prime Minister "from the outset set unacceptable constraints, such as the refusal of measures leading to increasing the cost of labor, in other words the rejection of the hypothesis of an increase in (social) contributions". "Under these conditions, the Confederal Bureau considers that the conference does not guarantee freedom of negotiation," added the press release. "Consistency leads FO to refuse to endorse the impasse to which this conference on balance and financing leads - that of the further decline in the retirement age - and therefore considers the time to come out of it" .

Proposals by the end of April

Initially suggested by the CFDT, the financing conference was set up at the end of January by Prime Minister Édouard Philippe. Responsible for bringing the pension system back to balance by 2027, it must make proposals by the end of April. The trade unions and employers 'organizations started work on February 18, but from the first day appeared tensions, in particular because of the fact that Edouard Philippe dismissed any increase in employers' social contributions, to the chagrin of the unions. The CGT also threatens to leave the conference.