Tuesday, 22 July 2008

Irish Congress of Trade Unions on private equity

Still catching up on last week's developments, below is a short bit taken from the ICTU statement on private equity.

"It is vital private pension schemes and national governments take a long hard look at these multinational free loaders. In our own case, the National Pension Reserve Fund must implement socially responsible investment policies as a matter of urgency.
"The investment of workers' retirement savings is an area to which the Irish Congress of Trade Unions has increasingly turned its attention. It is no longer sufficient to focus solely on the benefits side of pensions, important as these are, but also on the kind of investments made by our pension schemes. These can have a great impact on workers' jobs and livelihoods.

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