January 30, 2009
Unions on Crisis
Story link: Unions on Crisis
The World Economic Forum is a very important aspect of the Worldwide economy, with thousands of business executives and government workers participating every year, each bringing along their own knowledge and opinions.
This year the Forum perhaps got slightly out of hand regarding the current crisis!
The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation.
Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime.