Japan adopts pension system reform plan

Business Mar 3, 2020

Japan adopts pension system reform plan

The government decided Tuesday to reform the pension system by expanding the range of part-time workers who can join the kōsei nenkin public pension program for corporate employees. The measure is aimed at increasing the number of people, especially women and elderly workers who tend ...

French unions take to streets in make-or-break pension protest

Business / Economy Jan 10, 2020

French unions take to streets in make-or-break pension protest

French trade unions disrupted rail services, cut power output and brought demonstrators onto the streets in cities across France on Thursday in a make-or-break push to force President Emmanuel Macron to abandon his planned pension reform. The country's hard-left unions rallied supporters hoping to regain ...

Paris shops' sales halved as strikes bring chaos to the city

Business / Economy Jan 9, 2020

Paris shops' sales halved as strikes bring chaos to the city

Five weeks into strikes crippling French transport, Emile Sebbag is agonizing over how to keep afloat his two Parisian clothing stores, deserted by shoppers as the backlash against France's pension reform drags on. The start of winter sales on Wednesday — traditionally a big event ...

Thousands march in Paris against Macron's pension reforms

World Jan 5, 2020

Thousands march in Paris against Macron's pension reforms

Thousands of people demonstrated on Saturday against French President Emmanuel Macron's proposed pension reforms that have sparked a monthlong transport strike. Some protesters donned the yellow vests that over the past year have become symbolic of opposition to Macron's attempts at reforms that he says ...

Gloomy Christmas Eve on 20th day of French strike

Business Dec 25, 2019

Gloomy Christmas Eve on 20th day of French strike

Christmas Eve 2019 was an unusually gloomy one for France as the 20th day of a transport strike left many scrambling on Tuesday to reach their loved ones for the traditional family feast, while others simply gave up. The protest against pension reform has led ...

Strike makes for not-so-merry Christmas travel in France

Business Dec 23, 2019

Strike makes for not-so-merry Christmas travel in France

Holiday travelers across France scrambled for alternatives Sunday as an 18-day-old transport strike over pension reform saw train services slashed yet again. President Emmanuel Macron issued an appeal on Saturday for a truce over the holidays, three days after talks between the government and unions ...

Editorials Nov 28, 2019

Expanding employee pension coverage

Widening pension coverage will not only add to the benefits irrgegular workers receive in retirement but shore up pension finances by increasing the number of participants in the program.