Today's Labour News

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fawuBusinessLive reports that the Food and Allied Workers Union (Fawu) on Wednesday threw its weight behind a pro-Palestinian lobby group fighting an Israeli-led consortium's proposed bid to buy Clover.  

Palestine solidarity organisation BDS South Africa (BDS) is fiercely opposed to MilCo’s plans to buy the dairy and beverages maker and has threatened a boycott of Clover products.  BDS’s outrage has prompted the consortium's local partner Brimstone to review its participation in the transaction, which will culminate in Clover’s delisting from the JSE.  In a statement on Wednesday supporting the pro-Palestinian group, Fawu cited the Israeli origins of the consortium’s lead partner, Central Bottling Company (CBC).  The union said that additionally it was concerned about food sovereignty and job losses.  “As with most, if not all mergers and acquisitions, Fawu is concerned about job losses as these transnational companies seem to believe in a cost-cutting business model which often includes outsourcing merchandising and other so-called non-core functions that will most likely lead to job losses,” Fawu stated.

  • Read the original report by Siseko Njobeni on this story in full at BusinessLive
  • Read Fawu’s press statement at Fawu News

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