Saturday, 19 September 2009

Bosses putting profit before people

Two stories in the Welsh press concerning job losses in the north caught my eye.

Firstly, the workers' march in protest at Anglesey Aluminium's closure at Holyhead, despite government offers of £48m bailout to the multinational firm's owners.

Speaking at the march, Graham Rogers of Unite put over the problem very succinctly: "This is a clear case of a multinational company putting profit before people."

How many times has that happened as companies relocate to maximise profits, abandoning communities to their fate?

Secondly, the criminal deception by three slate quarry bosses that led to the loss of 136 jobs at Penrhyn quarry.

The only noteworthy thing about this is that the bosses did go to prison. No bankers have paid a similar price for their criminal negligence - in most cases, a reduction in lavish bonuses or extortionate pension schemes is all that's happened.

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