STOCK MARKET WATCH - Monday, 12 March 2012

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29. Unions threaten further action if government holds firm on labor reform {spain}

http://elpais.com/elpais/2012/03/11/inenglish/1331479419_858782.html


Protestors demonstrating against the government's labor reforms pass through Plaza de Cibeles on Sunday. / ÁNGEL DÍAZ (EFE)

“The strike set for March 29 is not the end of anything – let Mariano Rajoy understand that the mobilization will continue,” said Ignacio Fernández Toxo, the leader of the CCOO labor union, at the end of a protest march through Madrid on Sunday against the government’s labor reform bill.

“Mr Rajoy, you have the month of March to start up a dialogue and to present a reasonable budget, and the unions will be there,” continued Toxo, who, accompanied by the leader of the UGT union, Cándido Méndez, also said that the measures put in place by the Popular Party government to drag Spain out of recession were not temporary but “for the rest of our lives.”

Spain’s two biggest labor unions organized 60 demonstrations across Spain on Sunday, partly to set in motion a concerted series of protests against the government’s plans for labor reform, and partly as a show of strength ahead of a general strike planned for March 29. The unions put the figure of attendees in the capital at half a million, a number slashed to 25,000 to 35,000 by police estimates.

Méndez criticized those who have sought to paint the protests in the light of a confrontation between the unions and the government, “when the unions are the democratic and constitutional finger pointing to the serious problems that this labor reform will create. The government has taken immoral advantage of the crisis. The strike will not be carried out in a minor way.”