Tag: protest

Greece hit by further 48-hour general strike

Greece hit by further 48-hour general strike

Protesters have gathered on the streets of Athens today as a 48-hour general strike commences, which will see the country come to a virtual standstill. Apart from the metro, no public transport is operating as many people opt to join the fourth general strike called this year by the country’s two largest unions. The general [...]

June 28, 2011 | 0 Comments More
Public sector strikes to go ahead on 30 June

Public sector strikes to go ahead on 30 June

The Public and Commercial Services (PCS), which is Britain’s largest civil service union, has said 290,000 of its members will take strike action later this month, protesting against pension reforms. They will join hundreds of thousands of teachers, meaning around 750,000 public sector workers will strike at the end of the month. The co-ordinated action [...]

June 15, 2011 | 0 Comments More
Greek parliament passes 2011 austerity budget

Greek parliament passes 2011 austerity budget

The Greek parliament has today approved its 2011 austerity budget, which includes further spending cuts and tax hikes. The budget, which is part of the condition of its bailout from the European Union and the International Monetary Fund (IMF), is an attempt to trim the country’s deficit to 7.4% of GDP next year, down from [...]

December 23, 2010 | 0 Comments More
Eric Daniels calls for Lloyds to keep HBOS

Eric Daniels calls for Lloyds to keep HBOS

Outgoing chief executive of Lloyds Banking Group, Eric Daniels, is calling on the Government to allow the bank to keep HBOS. The controversial takeover, which occurred at the height of the financial crisis, could be scrapped if a Government investigation establishes it has damaged competition. Final recommendations with regard to the takeover will be known [...]

November 25, 2010 | 0 Comments More
Portuguese strikes bring country to a standstill, fears for Spain grow

Portuguese strikes bring country to a standstill, fears for Spain grow

Portugal came to a standstill today after its biggest strike in more than 20 years as workers protested against the Government’s austerity measures. The Government has introduced massive spending cuts and tax hikes, which are currently being pushed through parliament. They are aimed at bringing the budget deficit down to 4.6% next year, from the [...]

November 24, 2010 | 0 Comments More
Lloyds shareholders in protest meeting over HBOS takeover

Lloyds shareholders in protest meeting over HBOS takeover

The group, Lloyds Action Now, has been holding protest meetings after the group claims their savings were wiped out following the Lloyds Banking Group’s merger with HBOS. Lloyds TSB’s controversial takeover of HBOS took place at the height of the financial crisis and the group was renamed Lloyds Banking Group. The shareholder group, which was [...]

October 24, 2010 | 0 Comments More
Moody’s downgrade Spanish debt to Aa1

Moody’s downgrade Spanish debt to Aa1

Credit rating agency Moody’s has downgraded Spain’s credit rating today - just a day after unions held a general strike to protest against tough austerity measures. Like many other euro zone nations, Spain has introduced austerity measures, aimed at cutting its budget deficit, which is currently 11% of GDP. Spain aims to reduce the deficit [...]

September 30, 2010 | 0 Comments More
Britain’s trade unions support strikes against austerity measures

Britain’s trade unions support strikes against austerity measures

It has been announced that the tough austerity measures introduced by the coalition Government are set to lead to industrial action following a trade union gathering in Manchester today. At the annual Trades Union Congress (TUC) meeting, union leaders urged delegates to “stand up and fight” against the massive spending cuts. The motion was supported [...]

September 13, 2010 | 0 Comments More
Protestors camp outside RBS headquarters

Protestors camp outside RBS headquarters

The Royal Bank of Scotland (RBS) is faced with 100 activists at its headquarters, who are protesting against the bank’s role in financing oil industry developments which they believe could be harmful to the environment. The Camp for Climate Action (CCA) have set up marquees, eco-toilets and kitchens at the RBS’ Gogarburn site. Environmentalists have [...]

August 19, 2010 | 1 Comment More
Greece expected to call 6th strike for next week

Greece expected to call 6th strike for next week

Greece’s two main unions have called a fresh general strike for July 8 to protest against tough austerity measures, introduced by the Government to trim the country’s budget deficit. Should the strike go ahead, it will be the country’s 6th since February. However, some of the protests have been violent. Last week’s strike saw seven [...]

July 2, 2010 | 0 Comments More
Fresh violence as Greece embarks on 5th strike

Fresh violence as Greece embarks on 5th strike

Greece continues to rebel against tough austerity measures as the country embarked on its fifth general strike. Ferries, public transport and other state services came to a standstill to protest against Government plans to cut pension benefits and public servants’ pay. More than 15,000 people took to the streets in Athens and the northern city [...]

June 29, 2010 | 0 Comments More
France reveals overhaul to pensions system

France reveals overhaul to pensions system

The French Government has announced the country’s retirement age will be lifted from 60 to 62 by 2018, as part of a sweeping overhaul to its pension system. The new measures are to be implemented to cut France’s pension costs and reduce public borrowing. However, the shake-up has met with public anger after tens of [...]

June 16, 2010 | 0 Comments More
Moody’s downgrade Greece to ‘junk’ status

Moody’s downgrade Greece to ‘junk’ status

Moody’s credit rating agency has cut Greece’s credit rating to “junk” status from A3 to Ba1 but said the outlook is stable. Meanwhile, the agency also downgraded the country’s short-term issuer rating to not-prime from Prime-1. According to Moody’s, there was still “considerable uncertainty” surrounding the impact of tough austerity measures implemented to slash the [...]

June 15, 2010 | 0 Comments More
Greek public sector workers protest against further austerity measures

Greek public sector workers protest against further austerity measures

Strikes were launched across Greece again today as workers protest against new austerity measures, which include deeper cuts in pensions and public servants’ pay, as well as a fresh hike in consumer taxes. The new austerity measures are being submitted in a draft bill to the Greek Parliament today, and will be voted on by [...]

May 4, 2010 | 0 Comments More
RBS chief admits bankers paid too much

RBS chief admits bankers paid too much

Chairman of the Royal Bank of Scotland (RBS), Sir Philip Hampton, has admitted that bankers’ pay is too high. However, while conceding that bankers’ pay is “astonishingly high”, he said it is difficult to defend the gap between what most people earned and what some bank staff were paid. Speaking to BBC Radio 4, Sir [...]

April 30, 2010 | 0 Comments More
Greek unions prepare for 24-hour strike amid austerity measures

Greek unions prepare for 24-hour strike amid austerity measures

Greek unions have today vowed to strike on Wednesday to protest against the Government’s austerity measures. Last week, Greek Prime Minister, George Papandreou, announced tough austerity measures to tackle the country’s spiralling debt. Measures include a public sector pay freeze, a hike in taxes and an increase to the retirement age. Spyros Papaspyros, president of [...]

February 8, 2010 | 0 Comments More
Mandelson expresses ‘disappointment’ after meeting with Kraft chief

Mandelson expresses ‘disappointment’ after meeting with Kraft chief

Business Secretary Lord Peter Mandelson said he was “disappointed” that Kraft could not guarantee that Cadbury’s confectionery brands will continue to be managed in the UK. Mandelson met with Kraft chief executive, Irene Rosenfeld, last night after Cadbury shareholders voted in favour of the £11.5 billion ($18.9 billion) takeover deal from the US food giant. [...]

February 3, 2010 | 0 Comments More
Cadbury shareholders vote in favour of Kraft takeover

Cadbury shareholders vote in favour of Kraft takeover

Cadbury shareholders have today voted in favour of the £11.5 billion ($18.9 billion) takeover deal from US giant, Kraft Foods. Today’s vote brings an end to Kraft’s five-month battle to take control of the 186-year-old British confectioner. Cadbury said it had received valid acceptances of the offer from shareholders representing 71.7% of the company. Commenting [...]

February 2, 2010 | 0 Comments More
Cadbury workers stage protest over jobs threat

Cadbury workers stage protest over jobs threat

Workers at British confectioner Cadbury are to stage a protest today in Bournville, Birmingham in a bid to urge shareholders to reject the takeover offer from US food giant, Kraft. Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, made an offer of £11.7 billion last week which 186-year-old Cadbury agreed [...]

January 27, 2010 | 0 Comments More
Thousands of Opel workers in protest after GM u-turn

Thousands of Opel workers in protest after GM u-turn

The announcement that US car giant General Motors (GM) abandoned plans to sell a majority stake in its European car business Opel, including its UK brand Vauxhall, has led to a protest by thousands of the 25,000 workers at Opel’s four factories. In March, GM announced plans to offload Vauxhall and sister company, Germany-based Opel, [...]

November 5, 2009 | 0 Comments More