News

The OECD Economic Outlook May 2024 recommends keeping monetary restriction “for some time to come” and argues in favor of spending restraint – singling out pension and other social spending. ...

The OECD Declaration on Transformative Science, Technology and Innovation Policies for a Sustainable and Inclusive Future adopted today by ministers from OECD countries: Acknowledges the importance of engaging trade unions and business in the design, implementation and evaluation of science, ...

Trade unions call on G7 Labour and Employment Ministers to deliver the “sustainable growth and real wage growth” which G7 Leaders committed to at last year’s G7 summit. In a joint statement by unions from G7 countries pointing out that real wages “in almost all G7 countries remain below ...

OECD countries must urgently step-up action to tackle corruption and cultivate integrity. The OECD 2024 Anti-Corruption and Integrity Outlook reveals significant shortcomings in countries anti-corruption and bribery policies. Action is urgently needed. Corruption deepens inequalities, weakens ...

Workers are raising concerns over the lack of a just transition in the steel sector.  Global excess capacity keeps rising, due to a combination of irresponsible practices by some major multinational steel corporations and misguided action by some governments who keep expanding capacity rather than ...

TUAC, issued a joint statement with Business at OECD (BIAC) and OECD Watch, urging governments and the OECD to take action to ensure the effectiveness of National Contact Points (NCPs) that were set up to help remediate business conduct under OECD Guidelines for Multinational Enterprises on ...

Trade unions are urging the OECD to encourage governments to adopt consistent long-term policy – and ensure adequate investment – to manage climate change, digital transformation, demographic change. “Governments must not abandon what is needed to achieve long-term and shared prosperity, ...

The OECD says in its March 2024 Wage Bulletin “After growing considerably and making unusually large contributions to domestic price pressures in 2021 and 2022, unit profits [..] have started to absorb some of the [..] impact of increasing unit labour costs. In most countries, there is ...

In drawing a very disturbing picture of high global debt made unmanageable by high interest rates at a time when borrowing needs for the future are higher than ever, the OECD makes the very controversial claim that “Government spending needs to be highly targeted and focus more on investment in ...

The Labour 7, the official engagement group representing trade unions to the G7, has issued a statement calling on Leaders to stand by their words and put workers at the forefront of their actions for 2024.   At the Leaders Summit held in Hiroshima, Japan, last year, the G7 acknowledged that ...

The OECD Economic Outlook, Interim Report of February 2024, underestimates the risk of monetary policy tightening overshooting its goal. TUAC is also concerned that OECD fails to draw the lesson of inflation declining rapidly and ignores the urgent need to start cutting interest rates as soon as ...

Ministers and government representatives from over 40 countries committed at an OECD Health Ministerial meeting in Paris today to “address health workforce shortages by concerted action to train, retain, and improve the working conditions of health and care workers”. Trade unions will be asking ...