3 thoughts on “Economic crisis, workers fight back

  1. The `third slump’ and its consequences

    By Phil Hearse

    November 30, 2008 — Ernest Mandel called the market crash and global
    recession of 1974-5 the “second slump” (1) – the first one being of
    course that of the 1930s, initiated by the stockmarket crash of 1929. We
    now know that the crash of 2008-9 is more severe, and will have more
    devastating consequences than that in the 1970s; whether it will be as
    bad as the 1930s slump we have yet to see. But it is now clear that this
    is a fundamental crisis of the neoliberal “mode of regulation” which
    now is under severe pressure and probably cannot survive in its present
    Theorists who in this period stress the relative stability and
    continuity of modern capitalism are, as we shall see, way off the mark.
    This article aims to give a brief explanation of why the crash has
    happened; to situate it in the history of development of capitalism; to
    discuss possible consequences, especially those for the working class in
    Britain and internationally; and to suggest political implications for
    the radical left.

    * Read more http://links.org.au/node/770

  2. The ANSWER Coalition in San Francisco has initiated a demonstration, co-sponsored by the San Francisco Labor Council (AFL-CIO) and the Labor Council for Latin American Advancement – SF, against the Bank of America to build solidarity with the workers of Republic Windows and Doors in Chicago, who have staged a sit-down strike to keep their jobs. This is an all-important struggle; millions of workers are getting their shaft from their bosses, who are using the economic crisis to steal their benefits and pensions. These workers are fighting back. Come out tomorrow, Dec. 9, to say “Bail out the workers, not the banks!” If you are holding similar activities in your town or city, please let us know by emailing info@internationalanswer.org.

    Bail out Workers, Not Banks! Stop Plant Closings!
    Protest Bank of America, Tues., Dec. 9, 5pm
    Powell and Market, San Francisco

    Over 200 workers have occupied their workplace factory at Republic Windows and Doors in Chicago, after the company shut down the plant, claiming lack of funds to pay the workers their back pay, vacation and other benefits, or to give 60 days’ notice as required by federal law.

    The plant closing was precipitated by Bank of America’s refusal to extend any more credit to the company, despite the fact that B of A has received $25 billion in bailout funds. These billions were supposed to help relieve credit shortages and help sustain jobs. Instead, the banks are using taxpayer dollars to merge into larger banks. Bank of America and JP Morgan Chase are the two banks that invest in Republic Windows and Doors. The workers are owed an average of 75 days’ pay and vacation. Companies are bound by federal law to either give 60 days’ notice with pay, before a plant closing or layoff of 50 or more workers.

    It is reported that Republic Windows and Doors is planning to move its plant to Iowa because of cheaper labor costs, and to get out of union obligations with the United Electrical Workers Union. Workers across the country are paying a heavy price for the bank’s and corporations’ theft. It’s time for the bankers and companies to pay, NOT THE WORKERS!

    The protest is initiated by A.N.S.W.E.R. Coalition. It is co-sponsored by the San Francisco Labor Council (AFL-CIO) and the Labor Council for Latin American Advancement – SF.

    To endorse and get involved, call 415-821-6545. If you are holding similar activities in your town or city, please let us know by emailing info@internationalanswer.org.

    A.N.S.W.E.R. Coalition
    National Office in Washington DC: 202-544-3389
    New York City: 212-694-8720
    Los Angeles: 213-251-1025
    San Francisco: 415-821-6545
    Chicago: 773-463-0311

  3. After Layoffs, Workers Stay at a Factory in Protest
    “You got bailed out, we got sold out.”

    In Factory Sit-In, an Anger Spread Wide
    “This never happens — to take a company from the inside. But I’m fighting for my family, and we’re not going anywhere.”

    Obama Says Workers Are ‘Absolutely Right’
    “We’re making history.”

    Autoworkers Resist Bailout Givebacks
    The UAW has agreed to to give more concessions back to the Big Three, even though weakening auto workers’ benefits and contracts will not save the auto industry.
    Auto workers have already made billions of dollars’ worth of concessions in recent contracts. We need real reforms not a plan to take more out of the wallets of auto workers.

    The Big Three’s Real Union Problem
    If there is hope long term — for the unionized Big Three companies and for the UAW — it rests in dealing with the unfinished business of the 1980s: unionizing the unorganized transplants.

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