UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Wednesday, 20 April 2011

CGT - Eurozone 'Competitiveness Pact' is bad news for working people

The CGT - France’s biggest trade union - has pledged to step up protests against the Franco-German initiated economic pact which aims to further reduce pay, pensions and the social wage:http://www.ft.com/cms/s/0/00d26594-6aa0-11e0-80a1-00144feab49a.html#axzz1K2XoIB00

CGT leader Bernard Thibault, said in an interview with the Financial Times: “the pact is negative for workers and counter-productive for economic growth. It has made labour costs the mechanism for exiting the crisis. The systems of social protection are not the origin of the international financial crisis – it is totally illusory to think that increasing social vulnerability will facilitate recovery.”

A BBC report back in February highlighted the ending of pay indexation to inflation and an increase in the age of retirement as key targets of the Eurozone's resurgent right wing political elite: