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French Roulet Commission Reports Brings Privatisation Doubts

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17 July, 2005

ICEM French affiliate FCE-CFDT has voiced its opposition to a report issued last week by the Roulet Commission over recapitalization and partial privatization of Electricité de France (EDF). The commission, headed by former Thomson SA and France Telecom chairman Marcel Roulet, recommends massive cost cutting inside the utility to prepare the way for an IPO to private investors. FCE-CFDT says France should exhibit responsible behaviour to EDF workers and French citizens firstly, and should not reduce the utility’s level of activities to a single field—namely France and Germany. The chemical and energy union has vowed to stand tight with EDF workers to protect their interests.