There is hidden workforce of 116 million in global supply chains of fifty companies, says International Trade Union Confederation
Key findings from the report include:
The cash holdings of 25 companies of $387 billion could increase the wages in their combined hidden workforce of 71.3 million by more than $5000 for a year;
The combined wealth of 24 companies in the US from including Amazon, Walmart and the Walt Disney company, could buy Canada;
Nine companies in Asia including Foxconn, Samsung and Woolworths have a combined revenue of $705 billion, the equivalent value of the UAE;
Seventeen companies in Europe including Siemens, Deutsche Post and G4S have a combined revenue of $789 billion, the equivalent value of Malaysia.
ITUC has urged leaders at Davos to transform the business model of global companies and address inequality.
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Transnational supply chains breed human rights abuses especially among retail chains & supermarkets says ITUC report
"Supermarkets, transnational supply chains and labour rights' abuses", 27 November 2017
A report in 2016 by the International Trade Union Confederation (ITUC) looked inside the global supply chains of 50 multinational companies. According to the findings, some of the companies using most hidden workforce are retail chains and supermarkets like Walmart, Carrefour, Tesco or Seven & I, the Japanese company that owned 7-Eleven. The biggest is Walmart with 10 million hidden workers over the registered 2,2 million workers worldwide. Having hidden workforce means that companies can dodge compliance with national and international labour laws, minimum wages, pensions and job security regulations. In many of these transnational supply chains, human rights abuses, like unpaid extra working hours, unattainable mandatory daily or hourly output quotas, forbidding the use of toilets, locking in workers, physical punishment, sexual abuse, anti-union measures and threats, are routine. ...For example, 7-Eleven convenience stores have been the scene of numerous violations of labour rights. ...Farmers are also directly hit by the expansion of transnational supply chains. ...[F]armers face fewer options for where to sell and have to deal with buyers who have more muscle to impose their conditions, including lower prices.
See ITUC report here.
*Sourced by RepRisk due diligence on ESG and business conduct risks, www.reprisk.com.
Author: International Trade Union Confederation
... The world has reached a tipping point. Sixty per cent of global trade is now driven by big business which, without apology, uses a business model based on exploitation and abuse of human rights in supply chains. Workers’ rights at home or abroad mean little or nothing to the heads of major corporations.... The ITUC has profiled 25 companies to demonstrate their wealth, their global footprints, and the number of working livelihoods dependent on their behaviour. Many of these are hidden workers... Another 25 corporate profiles will follow in our next edition... We will continue to offer dialogue with companies to help establish minimum living wages, and to bargain with unions for higher-skilled workers in all sectors. But we also insist the due diligence that the UN Guiding Principles on Business and Human Rights require...