TotalEnergies (NYSE:TTE) stated Monday that shipments of refined merchandise from its French websites have been blocked for the thirteenth straight day of strike motion, whereas some refineries function at a decreased move.
The strikes are in response to pension system adjustments lifting the retirement age two years to 64 that was pressured by France’s parliament with out a vote final week.
Violent unrest has erupted in a number of cities together with Paris, and commerce unions have promised to accentuate their strike motion, whereas President Macron’s authorities faces two motions of no confidence in France’s Nationwide Meeting.
TotalEnergies (TTE) stated manufacturing on the Normandy and Feyzin refineries was decreased as deliveries have been blocked, and the Donges and La Mede refineries are also seeing blocked shipments, with the latter additionally offline for upkeep.
The corporate stated 39% of operational employees at its French refineries and depots at the moment are on strike.
Final week, Canadian comfort retailer operator Alimentation Couche-Tard purchased practically 2K gasoline stations in Europe from TotalEnergies for €3.1B.