Financialization has profoundly altered the environment in which workers live, work and struggle. The increasing weight of finance and financial engineering has severed the link between wages and productivity and undermined collective bargaining, resulting in decades of wage stagnation and rising inequality. How do unions organize and bargain in a world where job slashing, closures, divestment, mergers and private equity buyouts are preferred routes to boosting profits, and workers and their workplaces are considered disposable? The IUF has been mapping and analyzing these changes as part of the process of organizing the fight back.
Key Developments
Editorial: Breakthrough in Greece? Austerity and solidarity
Greece will hold parliamentary elections on January 25 and Syriza, the left-wing party which has consistently called for debt restructuring...
Editorial: The more things change: Heinz and the varieties of private equity buyout
Subject to shareholder approval later this year, Warren Buffett’s Berkshire Hathaway and Brazilian 3G Capital will acquire food giant Heinz...
Editorial: Austerity rewards corporate tax evasion
While the European Commission, the European Central Bank and the IMF wrangle over precisely how many more Greek workers must...