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

Heinz celebrates biggest profit jump ever with… mass layoffs

31/05/2011

Global food manufacturer H.J. Heinz on May 26 announced record full-year (fiscal 2011 ending April 30) results. Sales in the...

New Survey Shows Job Destruction Boosts Executive Pay

21/09/2010

When it comes to job destruction, it pays to beat the benchmark. The most recent survey of US executive compensation...

Profit Indigestion at Dr. Pepper/ RWDSU/UFCW on Strike at Mott’s

17/06/2010

Over three hundred workers at the highly profitable Mott’s plant in Williamson, New York are on strike against deep cuts...

IUF Calls on Accor to Renegotiate International Union Rights Agreement

25/05/2010

Trade unions from around the world have called on the French-based Accor Group to immediately enter into negotiations to redefine...

Nesprofits – What Else?

16/04/2010

Nestlé, the world’s largest food corporation, is rolling in money. The 2009 results recently announced show sales topping USD 102...

New Campaign Publication from Europeans for Financial Reform

10/02/2010

Europeans for Financial Reform, an initiative of Labour and Social Democratic MPs in the European Parliament, has produced a new...

Blackmailing the Taxman, from Davos to Sydney

05/02/2010

Blackstone Chairman Stephen Schwarzman has warned Australia of a foreign investment “chill” following that country’s efforts to collect taxes on...

Kraft and Cadbury, Victors and Spoils

21/01/2010

Barring any last-minute surprises, Kraft, the world’s second-largest food company, will swallow UK-based Cadbury. Barely a month after deriding Kraft...

Blackstone’s Hilton Woes Will Weigh on Workers

04/01/2010

Private equity operator Blackstone, “has good reason to be nervous about Hilton.” They’re not alone; the enormous leverage taken on...

Heinz celebrates biggest profit jump ever with… mass layoffs

31/05/2011

Global food manufacturer H.J. Heinz on May 26 announced record full-year (fiscal 2011 ending April 30) results. Sales in the...

New Survey Shows Job Destruction Boosts Executive Pay

21/09/2010

When it comes to job destruction, it pays to beat the benchmark. The most recent survey of US executive compensation...