AD on Ac­tavis/Teva lay­offs: Glob­al­i­sa­tion at its worst

Malta Independent - - NEWS -

Al­ter­nat­tiva Demokratika spokesper­son on in­dus­try, en­ergy and trans­port Ralph Cas­sar ex­pressed sol­i­dar­ity with hun­dreds of work­ers fac­ing the sack at the prof­itable phar­ma­ceu­ti­cal man­u­fac­tur­ing com­pany Ac­tavis.

“The lay­offs by Ac­tavis’ new own­ers Teva is proof of the dam­ag­ing ef­fects of a glob­al­i­sa­tion based on greed. It is yet an­other ex­am­ple which shows the ur­gent need for EU gov­ern­ments, the EU Par­lia­ment and national par­lia­ments to come to­gether and col­lec­tively reg­u­late the run­away ne­olib­eral sys­tem in which huge short term prof­its and share­holder value come be­fore so­cial re­spon­si­bil­ity and the just dis­tri­bu­tion of wealth.

“We are not talk­ing of a com­pany which is fac­ing dif­fi­cul­ties. We are not talk­ing of a com­pany which is mak­ing losses. Ac­tavis con­sis­tently makes huge prof­its. What we are see­ing here is a game of Rus­sian roulette on the stock mar­kets at the ex­pense of the liveli­hood of work­ers. Teva’s con­sol­i­da­tion’ is just an­other ex­cuse to make the su­per rich richer. It is high time that gov­ern­ments and the So­cial­ist-Pop­u­larLib­eral grand coali­tion in the Euro­pean Par­lia­ment stop block­ing EU-wide mea­sures such as the Tobin Tax, and other mea­sures which put the brakes on cor­po­rate greed at the ex­pense of so­ci­ety.”

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