Indonesia Could Face More Strikes
Source: Reuters, Neil Chatterjee and Olivia Rondonuwu (8/29/11)
"Gold mine workers push for a greater share of profits in a booming economy that has drawn foreign investors partly for its low labor costs."
Reuters, Neil Chatterjee and Olivia Rondonuwu
Recent strikes in Indonesia by gold miners, pilots and supermarket staff over pay signal that workers have started to push for a greater share of profits in a booming economy that has drawn foreign investors partly for its low labor costs.
The push for higher wages means firms may no longer be able to count on the world's fourth largest population offering among the cheapest labor in Asia, and they could face protracted pay talks that could affect their operations. . .View full article
Recent strikes in Indonesia by gold miners, pilots and supermarket staff over pay signal that workers have started to push for a greater share of profits in a booming economy that has drawn foreign investors partly for its low labor costs.
The push for higher wages means firms may no longer be able to count on the world's fourth largest population offering among the cheapest labor in Asia, and they could face protracted pay talks that could affect their operations. . .View full article