Labor & Employment Law

G8 Union Leaders Issue Urgent Call to Tackle Jobs Crisis

By James Parks

The global union movement is issuing an urgent call for the leaders of the Group of Eight nations to tackle the deepening jobs crisis at their summit meeting in L’Aquila, Italy, next month.

The leaders must develop a coordinated and jobs-orientated international recovery and sustainable growth plan that focuses on creating good jobs and re-regulating the global financial system, AFL-CIO President John Sweeney told a gathering of G8 union leaders today in Rome.

 The global economy continues to deteriorate at an unprecedented rate.  Workers around the world?who are the innocent victims of this crisis?are losing their jobs and incomes.

The International Labor Organization (ILO) predicts that unemployment is likely to increase by up to 59 million worldwide by the end of 2009. Unemployment in the G8 countries?Canada, France, Germany, Italy, Japan, Russia, United Kingdom and United States?is likely to almost double over the next 18 months, according to the ILO. At the same time, more than 200 million workers could be pushed into extreme poverty, lifting the number of working poor to 1.4 billion.

Earlier this week, President John Sweeney and the union leaders of the world’s top economies outlined a plan to stimulate the global economy. Click here to read more about that plan.

When the global economic crisis is over, said Sweeney, the G8 leaders must ensure there is no return to “business as usual.”

While this crisis was caused by global economic imbalances and financial speculation, it was underpinned by the lack of effective economic regulation over preceding decades. Rather than planning “exit strategies” that are a more brutal version of failed past policies, there is a need to establish a new model of economic development that is stronger and more efficient, socially just and environmentally sustainable.

And this time, workers’ views should be represented in the plan, Sweeney said.

Trade unions and the workers we represent have no confidence that this time governments and bankers alone will get it right.  We are asking for a seat at the table.

Full post as published by AFL-CIO NOW BLOG on June 26, 2009 (boomark / email).