Strike Action Is Costly for France's Chemical Industry

Widespread strike action across France during the past month has cost the country's chemical industry up to €100 million/day in lost sales, industry association UIC (Paris) says. Speaking recently to French newspaper Les Echos, UIC chief economist Daniel Marini said that the biggest losses stem from blockades at most of France's 12 refineries, which cut feedstock supplies to petrochemical plants; blockades of some petchem complexes; disruptions to road transportation caused by a shortage of fuel; and heavy strike action on France's railroad network. More...

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