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Strikes Cost French Economy Millions Each Day

October 25, 2010 By: Jena Tesse Fox

France’s strikes are only just beginning to slow down after nearly two weeks, and the New York Times is reporting that they are costing the French economy up to $562 million each day.

Workers are blocking ports, oil refineries and trash incineration plants to protest a government plan to raise the retirement age to 62. The strikes have impacted a "wide swath" of the economy. A national train strike that started October 12 has reportedly been tapering off, but oil refinery workers have been striking steadily for about two weeks.


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By Jena Tesse Fox | October 25, 2010
A national train strike has reportedly been tapering off, but sources say that other strikes continue to cost the nation's economy more than $500 million each day.