The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation
working on social, ecological and economic issues related to sustainable
development. Since 1973, the organisation investigates multinational
corporations and the consequences of their activities for people and the
environment around the world. More...
On the day before Nokia’s shareholder meeting in Helsinki, Finland, the GoodElectronics Network is publishing a company profile narrating nearly two decades of the rise, fall, and resurrection of this Finnish electronics company. The profile reads as an alternative corporate history from a workers’ perspective. It turns out that workers’ interests never played a role of significance for Nokia, despite it being one of the world’s most successful electronics companies ever. Now that Nokia has taken over Alcatel-Lucent and is back in business, it’s high time for Nokia to start taking workers’ rights seriously.
What if the food you eat and the water you drink were provided to you by a mining company? What would happen to you if that company went bankrupt? This is a very real worry for several communities in Sierra Leone that live near the Tonkolili mine, an iron ore mine previously owned and operated by African Minerals, headquartered in London. African Minerals’ decision in March to appoint administrators marked the final phase of its demise, which is largely due to its inability to react to the spiraling down of global iron ore prices. Although the economic consequences of the balance shift created by the drop in iron ore prices have been widely reported, the social impacts of these developments have seen little attention.
The University Medical Center Utrecht (UMC Utrecht) is the first Dutch affiliate of Electronics Watch, an independent European monitoring organisation overseeing and improving labour conditions in the global electronics industry. The hospital is joining forces with other European public sector organisations that procure ICT hardware and want to promote structural improvements in this sector.
Indian research organisation Madhyam, a SOMO partner organisation, recently published a guide which explains in simple language commodity derivatives markets and their impact on society. By having a special emphasis on the Indian markets, it shows in concrete ways how the futures markets operate and what the consequences are when they are badly regulated.
Resettled communities in Sierra Leone are at risk of losing access to water and food as a result of African Minerals, the UK-based iron ore mining company, going into administration last month. It remains unclear whether the new Chinese owner will uphold agreements to provide rice and water tanks to families who were involuntarily displaced to make way for the mine. This is one of the main findings of a new SOMO report, published today.