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Supermarket strike
goes to Wall Street:
Alan Hevesi and Sean Harrigan will be among the active supporters. Nobody should miss the message. Hevesi is the Comptroller - or the finance minister - of the State of New York. Harrigan is the president of Calpers, America's largest pensions fund. They will share the same message, which Calpers sent to Safeway already in December, asking the companies to "fairly and expeditiously" resolve the dispute with the UFCW. The rally will "tell Wall Street to stop investing in these corporations and to stop putting Wall Street greed over the need of America's working families,", UFCW says. The large UNI Commerce affiliate is supported by AFL-CIO, the American trade union confederation, and the whole U.S. labour movement. UNI Commerce and the commerce unions worldwide are solidly behind UFCW and its striking members, as are all UNI affiliates throughout the sectors. An appeal by UNI's general secretary Philip Jennings for financial support for the striking workers and their families has gone out, and unions are now following up. These companies are not multinationals, but what they do will have an effect all over the world. UNI Commerce informs investment agencies Also UNI Commerce is advising investors and investment consultants about the California supermarket strike. There is a growing network of advisors focusing on corporate social responsibility, with major institutional investors among their clients. For these investors, it is important to know that the companies which they own behave decently towards their workers. The word from UNI Commerce has now gone out to this network: Take a close look at what the three U.S. retail giants Safeway, Kroger and Albertsons are doing, and make the necessary suggestions to the socially responsible investors who seek your advice.
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The
four months of supermarket workers' strike in California are apparently
not enough for the three retail giants Safeway, Albertsons and Kroger.
But investors begin to loose their patience with Safeway CEO Steve Burd
and the other corporate managers, who are following his uncompromising
lead. Yesterday, Safeway's stock was downgraded by J.P.Morgan. Today,
workers and their supporters will gather at the heart of the American
and global corporate world, Wall Street in New York.