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Corporations experience huge 'trust deficit' in major Western economies, says TUC

Saturday, June 6th 2015 - 11:23 UTC
Full article 12 comments
Just one in five of people in western economies like France, Germany, the UK and the US agree that corporations can be trusted with their global workforce Just one in five of people in western economies like France, Germany, the UK and the US agree that corporations can be trusted with their global workforce
Burrow said G7 can play a critical role in strengthening the rule of law since they have laws that guarantee fundamental rights for workers in their countries. Burrow said G7 can play a critical role in strengthening the rule of law since they have laws that guarantee fundamental rights for workers in their countries.

Just one in five of people in western economies like France, Germany, the UK and the US agree that corporations can be trusted with their global workforce, according to a new poll commissioned by International Trade Union Confederation.

 The public opinion poll released on the eve of the G7 summit in Germany comes amid growing political concern that multinational companies and international organizations like FIFA are ignoring agreements and breaking the rules.

Sharan Burrow, General Secretary, International Trade Union Confederation, said the G7 could play a critical role in strengthening the rule of law.

“G7 nations have laws that guarantee fundamental rights for workers in their own countries. They can guarantee equal treatment for workers in other countries where companies based in G7 countries operate, by extending the same rule of law beyond their boundaries.”

With the rise of global supply chains, accounting for three quarters of global trade, large corporations are employing workers around the globe in countries like Indonesia, the Philippines and Turkey - but often indirectly through a chain of contractors.

“Citizens have made a plea to G7 leaders not to trust corporations to look after the world's workforce. They don't trust them to pay them a decent wage, they don't trust them to respect their rights and they don't trust them to take safety seriously,” said Sharan Burrow.

The ITUC poll on trust in companies and supply chains found:

* 55 % of respondents in France, Germany, the UK and the US believe most global companies can't be trusted to look after their workers and tougher laws are needed;
* 80 % of respondent in Indonesia, the Philippines and Turkey believe that most employers prioritize profits over safety of their workers;
* More than three quarters (78%) of people in Indonesia, the Philippines and Turkey believe that business should pay all their workers a decent minimum wage - no matter where they are.

“The vast majority believing these corporations can't be trusted to look after their workers because they will prioritize profits over the interests of people, including the safety of their employees. This breakdown in trust places the onus back on governments to cooperate to hold these global giants to account for their workers,” said John Evans, General Secretary, Trade Union Advisory Committee to the OECD.

Categories: Economy, Politics, International.

Top Comments

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  • Brasileiro

    This is an agreement that goes against the interests of BRICS. When Germany find out what it will miss, it will jump out.

    Jun 06th, 2015 - 11:48 am 0
  • The_troLLimpic_games

    The biggest law breakers are the G7 countries. Non-starter I'm afraid to ask the Mafia to clean up organized crime.

    Jun 06th, 2015 - 03:42 pm 0
  • Skip

    Hahahahaha you two are so funny!

    An OPINION POLL shows that people in WESTERN countries DISTRUST large companies.

    Well DERRRR!

    That's why countries such as mine have the world's HIGHEST minimum wage because we know that companies would pay lower if they could.

    Blind TRUST is where you get presidents such as Dilma and Kirchner who claim they are improving the country but take perfectly capable economies and run them so far into the ground that they actually fall behind others absolutely and not just relatively.

    Jun 07th, 2015 - 09:37 am 0
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