Economic crisis, workers resisting

Wall Street bonuses in the USA, cartoon

Germany: Leading bankers, including Josef Ackermann, have defended the bonus culture as they square up to regulators who plan to put tight controls on pay: here.

UK Communities Secretary John Denham is drafting proposals to cut council workers’ pensions in order to meet rising local government deficits: here.

USA: Kaiser Permanente workers in California have set up pickets outside workplaces to protest company plans to lay off 1,850 statewide: here.

Confronted by a ballooning budget deficit, the Polish government has decided to intensify its drive to privatise key sectors of state-owned industry: here.

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