SOS call from Colombian unions
UNI’s mission to Colombia heard an appeal for global solidarity to save the trade union movement in that country and condemned moves by the Colombian government to end funding for a project launc...
UNI’s mission to Colombia heard an appeal for global solidarity to save the trade union movement in that country and condemned moves by the Colombian government to end funding for a project launc...
UNI’s mission to Colombia heard an appeal for global solidarity to save the trade union movement in that country and condemned moves by the Colombian government to end funding for a project launc...
UNI-Europa Finance told its representatives on 51 European works councils in the finance industry to request extraordinary meetings without delay to discuss the impact of the financial crisis.
The political wrangling in the US Congress over a $700 billion bail-out plan may well reflect the disgust and anger of working people everywhere at their taxes being used to bail out those whose greed, irresponsibility and abuses have brought the world’s financial markets to the brink of collapse and raised the spectre of global recession.
The House of Representatives voted to reject the rescue plan proposed by the Bush administration. The bailout plan would have enabled the Treasury Department would have bought up to $700 billion in toxic mortgage-backed securities.
At a meeting in London, the European Trade Union Confederation (ETUC) adopted a joint declaration on the financial crisis.
Dexia, the second largest Belgian bank, is set to receive €6.4bn capital injection. Its chief executive officer and chairman will resign.
US giant Citigroup rescued Wachovia, the country's sixth-largest lender, in a government-sponsored bailout. Other financial institutions were taken over by their government this week in Germany, Iceland, the United Kingdom and Belgium. UNI Finance warns that the financial crisis is leading to a merger rush that creates more financial giants that will be too big to fail in the next crisis.
According to trade union information, Spanish telecoms company Telefonica is planning to lay off around 500 workers at its mobile operations currently employing some 4,450 employees.
The union...
UNI-Europa Finance told its representatives on 51 European works councils in the finance industry to request extraordinary meetings without delay to discuss the impact of the financial crisis....