Transport minister said he hoped fund would guarantee that retiring drivers recover same amount it cost to buy the licences, plus inflation.
Hundreds of taxi drivers took to the streets of Paris, burning car tyres and blocking routes to the capital’s principal airports in major protest.
Airlines told to cancel one in five flights in face of air traffic controllers' strike, while taxi strike adds to travel and commuting woes.
Firm had challenged new French law that banned its UberPOP service and updated rules on how taxi companies and chauffeured cars compete.
Ride-hailing company pulls plug on service declared illegal months ago, just days after top executives were arrested and sent for trial.
Two men are being questioned in connection with investigation into alleged 'illicit activity' linked to ride-hailing company’s app.
President Hollande described the anti-Uber demonstrations as 'unacceptable' but said the app-based chauffeur system should be dismantled.
Cars are burned and tyres slashed as angry French taxi drivers block transport hubs in protest against the mobile-based service.
Access to three terminals at Paris's busy Charles de Gaulle airport was blocked as angry taxi drivers protested over unfair competition.
French cab drivers call rolling strike on Thursday as Californian firm opens up its service in three new French cities, despite it being illegal.
Row over boss of National Audiovisual Institute, Agnès Saal, was made worse by claims her son benefited from 6,700 euros worth of rides.
The controversial amateur cab firm now faces a ban on its UberPop operations under a new French law to be enforced from January 1st.
The train strike, starting late Tuesday in protest at a reform of railways structure, coincides with that of taxi drivers against minicab services.