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EDF reform not on agenda for assembly with Macron: union chief By Reuters

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© Reuters. FILE PHOTO: The corporate brand for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier

PARIS (Reuters) – A troubled plan to restructure French power group EDF (PA:) was not on the agenda of a gathering on Tuesday between commerce unions and President Emmanuel Macron, one of many members advised reporters.

The reform, backed by Macron’s administration, has been fiercely opposed by commerce unions, who’ve staged strikes and organised road protests to specific their opposition.

Some key backers of the reform are actually scaling again their efforts to push the modifications by and the probabilities of them getting performed earlier than the presidential election in April subsequent yr have narrowed, 5 folks accustomed to the method advised Reuters.

EDF shares had been down 4.1 p.c at 11.41 euros by 1222 GMT. Many traders are eager for the reform to go forward, as a result of its backers say it’ll enable probably the most worthwhile elements of EDF’s enterprise to develop quicker.

Thursday’s assembly on the Elysee Palace included unions, employer foyer teams, Macron, and his senior ministers. Requested if the EDF reform had been mentioned, chief of the CFDT union Laurent Berger mentioned: “No, it wasn’t on the agenda.”

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