The Socialist

The Socialist 4 February 2009

Workers show their strength


Lindsey refinery: workers show their strength

Firm strike leadership gains results

Organising real trade unionism

Response from Italy

Staythorpe power station: "It's all about money"

The diary of a striker

Striking at Fiddlers Ferry


United action needed to save education

Youth Fight for Jobs campaign

Gaza protests: Police attacks show stewarding vital

May Day: Lords judgement backs police


Corus steal jobs: Workers must fight back

Weather chaos exposes cutbacks

Car industry bailout plan

Wirral: Stop the cuts and closures

Fast news

Liverpool: Far right BNP exposed


Sri Lanka: Stop the slaughter!

Sri Lanka: Thousands trapped in war zone

France: millions strike against Sarkozy's policies

Economic crisis - cracks appear in the bosses' EU

Iceland: Devastated by global crisis


Lessons of the Jarrow Crusade: no return to the 1930s!

 
 
Socialist Party logo Socialist Party on the climate change demo December 2007, pic Paul Mattsson Socialist Party News
Socialist Party Policy statements
Socialist Party contemporary Marxist analysis

Link to this page: http://www.socialistparty.org.uk/issue/565/6870

Seach this siteGoogle search the site

Printable versionPrintable version

email to friendemail to friend

Facebook

Twitter

Home   |   The Socialist 4 February 2009   |   Join the Socialist Party

Subscribe   |   Donate   |   Bookshop

Car industry bailout plan

CAR WORKERS in Britain face job cuts, long lay-offs and increased short-time working. Nissan, Jaguar Land Rover and other car manufacturers have all cut jobs. The recession-hit 'British' car industry (mainly foreign-owned companies) is suffering from reduced production and considerably lower sales.

The car multinationals have been asking for a bailout of £13 billion. The trade union leaders have backed them in this call.

But last week government minister Lord Mandelson announced a 'major package' of aid for the industry - just £1 billion of direct loans plus guarantees of £1.3 billion of loans from the European Investment Bank. It's way short of what they were asking for and far below the handouts bestowed on Britain's failed banking institutions.

Union leaders say it is not nearly enough - half of it would be taken up by Vauxhall and Jaguar Land Rover alone with next to nothing for the smaller component companies also threatened with disaster.

This is true, but the trade union leaders should not back the car bosses' demands, which are primarily to satisfy their own interests rather than those of their workforce. US experience shows that demands for state aid to private auto firms go alongside demands from the bosses and government for cuts in wages and conditions.

Trade unionists should raise the demand for the nationalisation of all car plants at risk of closure. These plants should then be run under democratic workers' control and management to produce goods needed by society as a whole and to meet workers' and consumers' needs rather than the profits that are ruling and destroying industry under capitalism.


In this issue


Lindsey refinery

Lindsey refinery: workers show their strength

Firm strike leadership gains results

Organising real trade unionism

Response from Italy

Staythorpe power station: "It's all about money"

The diary of a striker

Striking at Fiddlers Ferry


Socialist Party youth and students

United action needed to save education

Youth Fight for Jobs campaign

Gaza protests: Police attacks show stewarding vital

May Day: Lords judgement backs police


Socialist Party campaigns

Corus steal jobs: Workers must fight back

Weather chaos exposes cutbacks

Car industry bailout plan

Wirral: Stop the cuts and closures

Fast news

Liverpool: Far right BNP exposed


International socialist news and analysis

Sri Lanka: Stop the slaughter!

Sri Lanka: Thousands trapped in war zone

France: millions strike against Sarkozy's policies

Economic crisis - cracks appear in the bosses' EU

Iceland: Devastated by global crisis


Marxist analysis: history

Lessons of the Jarrow Crusade: no return to the 1930s!


 

Home   |   The Socialist 4 February 2009   |   Join the Socialist Party

Subscribe   |   Donate   |   Bookshop

Related links:

Car industry:

triangleSwansea Linamar plant: Reluctant vote for redundancy

triangleRecent industrial disputes bring important lessons for the future

triangleRob Williams gets backing of Linamar workers

triangleNew Labour's environmental ploy: How green are electric cars?

triangleTide of job losses must be fought

triangleSogefi workers demand strike

Rover:

triangleRover - Gangster capitalists were treated as saviours

triangleNews in brief

triangleRover's ex-workers wage cut scandal

triangleProgramme of action to fight unemployment is needed

Jaguar:

triangleSave the Jag! Renationalise Jaguar to save jobs

triangleSupport the Jaguar workers' fight

triangleJoin the Jaguar demo

Britain:

triangleWe stand 100% with the Greek workers

triangleThe boss exploiting China (and Britain)

triangleThe Queen's Speech - What readers thought

Aid:

trianglePaul Murphy MEP detained in Israeli prison

trianglePress release: Workers and trade unionists need to come to firefighters' aid

triangleBolton: Police brutality exposed