Category: Labor & Employment

MANILA — Apart from the threat of massive retrenchment, global pharmaceutical giant Pfizer’s buyout of rival Wyeth would also result in higher drug prices as the giant firm would further control the drug industry. This was the contention of Wyeth workers and the Kilusang Mayo Uno (KMU), who recently held their seventh picket-protest at Wyeth’s…

By MARYA SALAMAT
The massive layoffs in the Philippines brought about by the global financial crisis and the increasing appetite of companies for more profit have exposed yet again the Arroyo regime’s sympathy not for workers but for capitalists. And instead of ensuring that workers’ rights are protected, the Department of Labor and Employment has become an even more willing tool by companies to satisfy their greed.