ACTU says think global, protect local

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ACTU says think global, protect local

The ACTU has recognised that 50 million people world-wide will lose their jobs because of the global financial crisis, and has responded by calling for protection for Australian workers.

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The ACTU has recognised that 50 million people world-wide will lose their jobs because of the global financial crisis (GFC), and has responded by calling for protection for Australian workers.
 
The ACTU Congress yesterday approved a new jobs plan, which includes a call for the Federal Government to tie stimulus and infrastructure spending to support for local industries.
 
Unions are also seeking a guarantee that 100% of workers' entitlements will be protected if a company collapses as a result of the GFC and tighter business regulation to prevent any future financial crisis.
 
‘The GFC has put at risk the jobs and livelihoods of people across the globe with more than 50 million working people expected to lose their jobs, including a projected 6% to 10% of the Australian workforce,’ said ACTU president Sharan Burrow.
 
‘Untold hardship’
 
‘It is already the cause of untold hardship among working families with businesses collapsing, jobs lost, entitlements unpaid and homes repossessed.'
 
‘Working Australians and unions demand that this must never happen again.’
 
Burrow said unions advocate and support measures to rebuild the economy that address the underlying causes of instability that led to the GFC and will campaign to ensure business practices are effectively regulated and there are caps on executive salaries so that the crisis never occurs again.
 
Guarantees on jobs
 
‘Unions propose the Federal Government immediately adopt National Interest Expenditure Guidelines that place mandatory requirements on the recipients of public funding of any kind (including guarantees) to ensure Australian jobs are protected and created, and key industries are maintained and strengthened,’ she said.
 
‘Unions are also seeking urgent and major reforms to ensure income and asset security for Australian workers and their families, including security of workers’ entitlements and subsidies for companies in industries under threat and forced to downsize production.’
 
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