Stock Market Discussion Forum, Message Board - MarketThoughts.com :: View topic

FAQ

Memberlist

Usergroups

Statistics

Profile

Labor Activism in Russia
Goto page

MarketThoughts.com Forum Index -> The Europe Board

View previous topic :: View next topic

Author

Labor Activism in Russia

HenryTo
Site Admin

Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California

Posted: Sat Dec 01, 2007 8:57 pm Post subject: Labor Activism in Russia

Cheap (skilled) labor no longer as cheap in Russia:

http://www.businessweek.com/magazine/content/07_50/b4062034782073.htm?campaign_id=yhoo

Quote:

The biggest action to date is at Ford. Workers at the factory making Focus sedans have been on strike since Nov. 20, demanding pay hikes of up to 35%. Ford Russia Chief Executive Theo Streit issued a statement calling the union's demands "excessive and unrealistic," but said he's open to talks if the workers call off the strike. While the factory's average monthly wage of $800 is 60% higher than the national norm, it's "mere kopecks" compared with Ford's Russian sales, says union boss Alexei Etmanov. "They pay us like inhabitants of the Third World, and we build a high-quality car that makes good profits," he says.

Please log in to view without the ad banners

Display posts from previous:

	MarketThoughts.com Forum Index -> The Europe Board	All times are GMT - 6 Hours Goto page
Page 1 of 0

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum