BIGWU CHIDES NATUC OVER BUDGET PROPOSALS
The Banking, Insurance and General Workers Union has written to the newly appointed Minister of Finance, Honourable Larry Howai, disassociating itself from Budget Proposals submitted to the Finance Minister by the National Trade Union Centre (NATUC). BIGWU wishes to state that as a member unit of NATUC, there was absolutely no consultation with us on this matter.
BIGWU has been campaigning against plans by the government to divest government shareholding at the Trinidad and Tobago Mortgage Finance Company (TTMF) and First Citizens Bank. We are certain that any divestment of government owned shares would inevitably lead to restructuring of operations at both companies with resultant job losses.
We accuse NATUC of unilateralism in proposing to the Minister, “socially sensitive enterprise restructuring”, because restructuring can never be socially sensitive. Job losses contradict the ILO recommended jobs pact where economic growth must be accompanied by job creation and job security.
BIGWU regards “outsourcing” and “contracting out” as obscene economic practices which serve to reduce permanent employment and the creation of small satellite companies which provide extremely low levels of job security. BIGWU has no interest in becoming owners of companies which will act as part of a mechanism to achieve the goals of privatisation.
BIGWU is convinced that business activity of trade unions should not be used to accommodate government’s plans for privatisation within the economy. Trade Unions should not facilitate privatisation by seeking to “get in on the action” at the expense of genuine trade union principles and the weakening of the trade union membership base.
In the Service of the Working Class,
August 06, 2012