Netherlands: crisis digs a hole in union coffers

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26 May 2009 à 08h41

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Publication: 26 May 2009 à 08h41

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Planet Labor, May 26, 2009, No. 090565 – www.planetlabor.com
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26 May 2009 à 08h41

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Publication: 26 May 2009 à 08h41

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ence means against employers: strikes. (Ref. 090565)

The two largest unions in the Netherlands, the Federation of Dutch Unions and Allies (FNV Bondgenoten, industry) and Abvakabo (civil service) saw their stocks melt away because of the crisis. In total, in one year, they lost €70 million, i.e. one fourth of their investments, invested on the stock market up to 7% for FNV Bondgenoten and 60% for Abvakabo. And these losses have consequences on the social climate. Dutch unions do not appeal to str

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