Wages Stuck in Slow Lane on Chile's Growth Speedway

February 10th, 2012
Categories: News, World, Economic

Link: http://ipsnews.net/news.asp?idnews=106722

(IPS) - Despite much government fanfare, the drop in Chile's unemployment rate is not enough to satisfy experts or workers, who point to the deeper problems of sporadic work, underemployment and low wages that are aggravating the country's endemic inequality.

Greek unions unleash 48-hour anti-austerity strike

February 10th, 2012
Categories: News, World, Economic, Politics

Link: http://www.rawstory.com/rs/2012/02/10/greek-unions-unleash-48-hour-anti-austerity-strike/

Greek unions Friday unleashed a 48-hour strike against new austerity measures to go before parliament and required by the European Union and the IMF in exchange for badly needed aid.According to reports and party leaks, the measures include a 22 percent cut in the minimum wage, a 15 percent cut in complementary pensions and 15,000 civil service redundancies to meet a target of 150,000 layoffs by 2015.

Maldives president ousted in US-backed coup

February 10th, 2012
Categories: News, World, Politics

Link: http://www.wsws.org/articles/2012/feb2012/mald-f10.shtml

On Tuesday, Maldivian President Mohamed Nasheed, head of the Maldives Democratic Party (MDP), was forced out by the military after a three-week opposition protest and a police mutiny. He was replaced by Vice President Mohamed Waheed Hassan Manik, who sided with the opposition.

Print Leaflet Feedback Share » Global layoffs hit workers at GM, Nokia and Pepsico

February 10th, 2012
Categories: News, World, Economic

Link: http://www.wsws.org/articles/2012/feb2012/jobs-f10.shtml

A week after American Airlines announced 13,000 job cuts in the US, a new round of mass layoffs is hitting workers in the auto, food and mobile phone industries around the world.Many of the job cuts target workers in Europe, where the economic crisis is being used by the multinational corporations to carry out long sought after attacks on the living standards and workplace protections of workers.

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