Corporate Power

The predatory power of global corporations and their impact on the labour market have added to a growing number of workers forced into informal work. Now platform businesses are adding to that number with a business model that has little or no connection to national laws, taxation systems or employment responsibility. Governments are even entering bidding wars with taxpayers’ money to buy the physical location of corporate giants in their countries or cities. As corporate monopoly power grows, so does the opposition to freedom of association and collective bargaining.

Corporate and financial power can only be tamed by a determined regulatory approach at national and international level. To get there, they ITUC is working towards a UN Treaty on Business and Human Rights, nationally mandated due diligence and access to remedy and an ILO Supply Chains Convention.