Behind the warehouse lockout in Australia: Coles and the corporate restructuring offensive
Behind the warehouse lockout in Australia: Coles and the corporate restructuring offensive Australian supermarket and retail chain, the Coles Group, last week “indefinitely” extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the country’s largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment returns and share prices. The most immediate objective of the extension of the lockout is to starve workers into accepting a sell-out...
Source: wsws.org