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Multinationals

Globalisation has given rise to extraordinarily large and powerful multinational enterprises (MNEs). Many are active in sectors providing essential public services, including water and sanitation, health and social services, energy, waste collection and treatment. Some have earnings that dwarf some national economies. MNEs scan the world for natural resources, tax havens, the lowest environmental standards, and the lowest wages. They relentlessly assert their rights to profit in international institutions, tax and trade agreements.

Within this context, Global Framework Agreements (GFAs) negotiated between global trade union federations and multinational enterprises are a tool for trade unions with direct membership in such companies to build power, assert their members’ rights and conditions, resolve outstanding conflicts, improve social dialogue and working conditions. GFAs set a threshold of human and labour rights and conditions beyond minimum national and international standards that signatory MNEs commit to abide by. They also help connect and build solidarity among trade unions and workers of the same MNEs across national boundaries.

PSI has negotiated three GFAs with multinational corporations active in the energy sector: these are EDF Group, ENGIE (formerly GDF-Suez) and ENEL, plus a specific agreement with ENGIE (formerly GDF-Suez) on occupational safety and health (OSH).

Wall Street's thirst for water

12 November 2012

A global water market will push the price of food far beyond the peaks of the past five years, according to an article in Nature magazine.

November 14: Day of action and solidarity for a Social Compact for Europe

08 November 2012

November 14 will be a day of action and solidarity all over Europe. Get the overview of the national actions taking place.

Germany: EU Commissioner suggests power transmission being nationalised

06 November 2012
Man speaking into a microphone

State ownership will provide a faster and more uniform expansion of the transmission networks, says German EU Commissioner Günther Oettinger.

Canada-EU trade talks on water privatisation and Internet restrictions

25 October 2012
Canadian maple leaf surrounded by EU stars

The Trade Justice Network and Réseau québécois sur l'intégration continentale (RQIC) co-hosted a media teleconference on parts of the Canada-EU trade deal that have become very controversial in Europe.

To create development we need innovative financing

16 October 2012

"It is time that we embrace the concept of a financial transactions tax". This is the message from world leaders and civil society who met recently to discuss innovative financing for development.

ITUC: Do not let troika dictate destructive austerity policies

15 October 2012
Sharan Burrow

The idea that you can create ‘growth through austerity’ is an illusion that has destroyed millions of people’s livelihoods. Do not to let troika dictate destructive austerity policies, says Sharan Burrow to IMF.

UK: Campaign against privatisation

15 October 2012
Nurse and elderly person

Shouldn't your health come before profits? British UNISON asks in their new campaign to stop privatisation of your public services.

Huge step forward towards a financial transaction tax

10 October 2012

When European finance ministers met in Brussel on October 9, eleven countries agreed to implement a financial transaction tax. Even more countries might join in.

IMF promotes public spending rather than cuts to prevent new global crisis

09 October 2012
Two children holding a poster

The International Monetary Fund urges European and US leaders to promote growth instead of cuts in public spending to avoid dragging down the global economy with another financial crisis.

PSI signs on letter with recommendations to new World Bank president

05 October 2012

Financial transaction tax is a source of innovative finance, writes PSI and 42 other organisations in a letter to the World Bank President, Jim Yong Kim.

PSI co-sponsors film tour of inspiring documentary

03 October 2012

PSI, through the Quality Public Services—Action Now! global campaign, is co-sponsoring a Canadian tour of the award-winning documentary We Are Wisconsin.

Two days to stop global corporate power grab: Sign the petition

13 September 2012

Details are leaking of a top-secret, global corporate power grab of breathtaking scope - attacking everything from a free Internet to health and environmental regulations. Sign to stop it.

Youth unemployment getting worse

10 September 2012
Young persons

The spillover of the euro crisis spreads. Jobless rates among young people get worse globally, according to a report from ILO.

UK: Health money goes to tax havens

04 September 2012
hospital entrance

Several British hospitals have to lay off staff to help pay their private finance initiative fees – and the money goes straight to tax havens.

Sweden: Crisis package rescued 8,500 municipal jobs

03 September 2012
Road workers

When the financial crisis hit, the Swedish government provided temporary grants to the municipal sector. Calculations now show that the money saved 8,500 jobs.