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Sunday, November 25, 2012

Workers at IKEA Greece walk out over pay cuts and individual contracts

IKEA Greece has unilaterally decided to cut wages by up to 15% and demanded employees to sign individual employment contracts to replace their collective agreement. More on Uni Global Union website. The IKEA Group is a Global Compact participant since 2004/12/27. IKEA was a Gold contributor to the Foundation for the Global Compact in 2010 and 2009.

BP To Pay Massive Fine, More To Come

Crude oil juggernaut British Petroleum (BP) is still reeling from the 2010 Deepwater Horizon spill that made headlines in early 2010. Last week, the company agreed to accept criminal responsibility for the disaster that took the lives of 11 workers and “to pay $4.5 billion in fines and restitution, the biggest penalty ever levied by the U.S. Justice Department” writes Tom Fowler. More on Seeking Alpha British Petroleum plc (NYSE:BP)(LSE:BP) (BP) is a Global Compact participant and founding father since 2000/07/26.