Mergers- Bankruptcies
1984 1984-04Read it in the scan (PDF at ETOL), page 7 →
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This month's Forum takes up the challenge to the labor movement posed by the reorganization of U.S. industry. With the deepening economic crisis, major industrial sectors are being dismantled while others are consolidated under greater monopoly control. In order to maintain their sacred profits, the employers are resorting to all sorts of schemes to make the workers pay for the crisis: employee "profit-sharing" plans, bankruptcy suits, concession demands, and out-and-out union busting.
The various contributions to this section explore the effects of this corporate strategy in the rail, oil, airlines, steel, and construction industries. They sharply expose the disastrous policies of the union leadership in the face of this clear assault on the working class, and they raise the need for a fighting perspeclive to counter this offensive. Next month's Forum will discuss in greater depth the kind of program and strategy needed to save jobs, defend working conditions, and establish a sound production plan to meet human needs.