On The Lay Offs In The Multinational Companies Ebay And American Express

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  • The online sales multinational company eBay announced 2,400 layoffs for the current quarter, number corresponding to 7% of its workforce. This happens when eBay’s net income during the last quarter of 2014 amounted to $936 (!!!) million, an increase compared to $850 million in 2013.

  • The multinational financial company American Express will proceed to 4,000 layoffs, when the period October – December 2014 had increased profits of 10.7%! Its net revenues amounted to $1.45 (!!!) billion the quarter ended December 31, from $1.31 billion the last year.

 

These examples are not the exception, but the rule about what really is capitalist growth for the workers. New layoffs, new attack on wages and social security rights, permanency of flexible working relationships. Life with crumbs, insecurity and unemployment for workers, huge profits and luxury for the shareholders-capitalists.

Workers in every country must strengthen their fight for permanent and steady jobs with full rights for all. To respond to the attack of the multinationals through coordination of the struggle at international level and action in every country against the dismissals.

 

No Dismissals – No sacrifices for the profits of the capitalists

 

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