With conglomerates selling companies to liquidators, who close down plants and move to non-union areas, it's about time progressive union leaders step in to stop such job-losing tactics... ESOP should become a part of future bargaining packages!
The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.
When by habit a man cometh to have a bargaining soul, its wings are cut, so that it can never soar. It bindeth reason an apprentice to gain, and instead of a director, maketh it a drudge.
There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.
I was never presented with the details as far as the collective bargaining system is Greece. I am in favor of a normal system without giving the labour minister the right to extend the results to extend the result of the collective bargaining to the whole of the real economy. The government has to make sure that the results will not harm the situation of small and medium enterprises.