COSATU supports strike to cut interest rates
Posted by Leonie, June 11th, 2009 - under Interest rates, Strikes.
Tags: Australian Council of Trade Unions
Reuters reports that the National Union of Metalworkers of South Africa has threatened strike action unless the Central Bank of South Africa cuts interest rates further to stimulate the economy. The peak union body COSATU ( a mainstay of the ANC Government) supports the call. A little different to our peak union body the ACTU for whom strikes are the devil’s brew and who, as wage cuts, cuts to hours and mass sackings loom, have little to show for having ‘their’ Labor Party being elected.