In order to cheapen production costs and enlarge profit margins many European capitalists are transferring manufacturing to where costs of wages are low and trade union activity is poor. "Germany's biggest discount clothing chain has agreed to pay almost £750,000 in compensation for victims of a factory fire in Karachi that killed 289 workers and injured 100. Kik agreed to the payout after evidence showed that up to 90 per cent of the garments being produced were for its Okey jeans." (Times, 26 October) The same report mentioned that Kik had sold clothes worth 1.69 billion euros last year, so £750,000 is hardly likely to bankrupt them. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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