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NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. France faces serious disruption in pensions strike Tweet This Share on LinkedIn Share on Facebook Factbox FACTBOX-Key political risks to watch in France Fri, Sep 3 2010 Related News France faces serious disruption in pensions strike 7:54am EDT Pension age hike "untouchable" in France debate Sun, Sep 5 2010 Thousands protest French clampdown against Roma Sat, Sep 4 2010 Thousands protest French clampdown against Roma Sat, Sep 4 2010 Related Topics World » France » By Brian Love PARIS | Mon Sep 6, 2010 11:35am EDT PARIS (Reuters) - France faces serious rail and air traffic disruption from strikes beginning late on Monday as trade unions seek to mobilize millions of protesters against plans to raise the retirement age. The strikes, mostly scheduled to last 24 hours and organized to coincide with the presentation of a pension reform bill to parliament on Tuesday, are expected to hit public transport and schools badly. London's underground rail network also faced major disruption on Tuesday as workers strike over pay and job cuts in a further demonstration of the challenge deeply indebted governments face as they impose cutbacks after a year of hardship inflicted by the worst economic downturn since World War Two. The French unions, who backed street marches on Saturday over President Nicolas Sarkozy's law-and-order stance following a mass expulsion of Roma immigrants, hope two million people or more will take to the streets for Tuesday's pension protest. "This is a grave moment," said Bernard Thibault, leader of the CGT union, one of the two largest in the country. "This may be an exceptional day. If it is exceptional, we may be at a turning point." Didier Le Reste, leader of the CGT rail workers' division, denounced what he called a "brutal" reform, telling Le Parisien newspaper that 60 percent of train drivers were expected to join the strikes. Sarkozy says he is ready to make some concessions but will not retreat on the essentials of the reform -- raising the minimum retirement age to 62 from 60, and the age at which people can retire on full pension to 67 from 65. Sarkozy is caught between a rock and a hard place ahead of elections in 2012. He needs to leave his mark after promises of a break with France's failure to embrace economic reform and he also has to slash a swollen deficit, which either means years of austerity or upward creep in taxation, or both. DISRUPTION France's SNCF state railway company said intercity and local train services would be reduced by 50 percent or more but that Eurostar links with Britain should run normally, with other international services running close to full capacity. The strike was due to start at 7 p.m. (1 p.m. EDT) on Monday on the railways and on Paris's RATP urban transport network, where underground rail services were forecast to drop to about half of normal frequency. Air France said short- and medium-haul flights would be cut to 50 percent of normal on Tuesday at Orly airport south of Paris, and to 90 percent at Charles de Gaulle airport northeast of the capital, but long-haul services should be unaffected. France's civil aviation authority said it had asked all airlines to cut Paris flights by 25 percent on Tuesday. Unions at power utility EdF and oil group Total plan to stop work at nuclear power stations and refineries but not to an extent that would cause cuts in household energy supplies. "The ultimate impact of the strike could be power cuts, but we are responsible," one union official said. All the main unions are urging private sector employees to join public sector staff for a one-day stoppage and street protests that they hope will match or exceed the two million people they counted nationwide at a similar protest in June. They will meet on Wednesday to discuss what, if any, further action they take. GOVERNMENT STANDS FIRM Frederic Lefebvre, spokesman for Sarkozy's UMP party, repeated the government's determination to proceed with the main elements of a reform which could go down as the hallmark of Sarkozy's five-year term ending in 2012. "A reform as crucial as this takes courage and we've got it," he told France 2 television. Three in four French people back the protest over a reform which two-thirds believe is unfair, a survey showed on Monday. But worryingly for the unions, 65 percent believe the protest will have no impact, according to the opinion poll conducted by Obea-Infraforces poll. Without major changes such as the rise in retirement age, France's pay-as-you-go pension system would run up annual deficits of 50 billion euros ($67 billion) by 2020, the government says. (Additional reporting by Muriel Boselli and Mathilde Cru; Editing by Michael Roddy) World France Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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