rss Current issues

11.04.2012 09:30

PKC's biggest owner considers pulling out due to trade union restrictions at Mexican factory

The Finnish pension insurance company Ilmarinen says it may withdraw its investments from the Finnish auto parts company PKC due to the restrictions being placed on trade union work in their Mexican factory.

PKC's Mexican subsidiary Arneses y Accesorios de Mexico signed a collective agreement with a union the workers do not want to represent them. Three union presidents in Finland, Riku Aalto (Finnish Metalworkers' Union), Antti Rinne (Pro) and Pertti Porokari (Union of Professional Engineers), sent a letter to PKC’s CEO to protest vigorously at the decision that had been taken by management. In the letter they charged unequivocally that the agreement was an attempt to prevent genuine trade union work and in violation of ILO conventions.

Ilmarinen is the biggest owner of PKC. Ilmarinen's representatives have been in contact with PKC and asked the company to explain its behaviour at its factory in Mexico. Ilmarinen stresses that it does not accept any breeches of international conventions.

Ilmarinen follows a responsible investment policy, and as a last resort, reserves the right to withdraw from ownership of a company, Ilmarinen's Head of Responsible Investments Anna Hyrske told the public broadcaster YLE News.

Helsinki 11.4.2012 - Heikki Jokinen

Read also:
•   PKC signs agreement with protection union in Mexico, IMF 02.02.2012

Return to headlines



print
This website stores cookies on your computer. These cookies are used to improve our website and provide more personalised services to you.
Close

Cookies

To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too.

1. What are cookies?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. It enables the website to remember your actions and preferences (such as login, language, font size and other display preferences) over a period of time, so you don’t have to keep re-entering them whenever you come back to the site or browse from one page to another.

2. How do we use cookies?

A number of our pages use cookies to remember your actions and preferences (such as login, language, font size and other display preferences.)

Also, some videos embedded in our pages use a cookie to anonymously gather statistics on how you got there and what videos you visited.

Enabling these cookies is not strictly necessary for the website to work but it will provide you with a better browsing experience. You can delete or block these cookies, but if you do that some features of this site may not work as intended.

The cookie-related information is not used to identify you personally and the pattern data is fully under our control. These cookies are not used for any purpose other than those described here.

3. How to control cookies

You can control and/or delete cookies as you wish – for details, see aboutcookies.org. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed. If you do this, however, you may have to manually adjust some preferences every time you visit a site and some services and functionalities may not work.

Close