France to Proceed With Utility Reforms
Finance Minister Nicolas Sarkozy told trade union leaders Tuesday he would press ahead with reform of France’s state-owned power and gas giants despite threats of strikes.
Sarkozy told union leaders he plans to introduce a draft law in early June to give Electricite de France and Gaz de France the status of ordinary companies – paving the way for listing their shares and selling some of them on the stock market.
The minister’s comments came as he and Health Minister Philippe Douste-Blazy separately met with workers’ representatives in a bid to calm growing trade union discontent over the government’s broader reform agenda.
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