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CWA Backs Chunghwa Workers
CWA is working with the Chunghwa Telecom Workers Union in Taiwan to help workers there save their retirement security by fighting the privatization of the company.
The union represents about 28,000 workers at the government-owned telecommunications company. Despite actions by the legislature, Taiwan's Ministry of Transportation and Communications is pressing ahead with a sale in the United States of Chunghwa shares through U.S. investment banks.
CWA, working with the AFL-CIO, has brought the issue to the attention of federal and state regulators and officials, including the Securities and Exchange Commission, the New York State Attorney General, and leading members of Congress, including the co-chair of the Taiwan Caucus of the House of Representatives.
The unions have asked the SEC and other regulators to halt the sale until the matter is resolved in Taiwan.
CWA Executive Vice President Larry Cohen has called on regulators to "respect the new democracy in Taiwan and let that country determine the constitutionality of this issue before any further action is taken by financial interests in the United States to promote the offering of shares."
The sale has been challenged by the Taiwan legislature, by three dissenting members of the board of directors and by the CTWU and union members, who launched a nationwide strike to protest management's decision to proceed with the sale.
The union represents about 28,000 workers at the government-owned telecommunications company. Despite actions by the legislature, Taiwan's Ministry of Transportation and Communications is pressing ahead with a sale in the United States of Chunghwa shares through U.S. investment banks.
CWA, working with the AFL-CIO, has brought the issue to the attention of federal and state regulators and officials, including the Securities and Exchange Commission, the New York State Attorney General, and leading members of Congress, including the co-chair of the Taiwan Caucus of the House of Representatives.
The unions have asked the SEC and other regulators to halt the sale until the matter is resolved in Taiwan.
CWA Executive Vice President Larry Cohen has called on regulators to "respect the new democracy in Taiwan and let that country determine the constitutionality of this issue before any further action is taken by financial interests in the United States to promote the offering of shares."
The sale has been challenged by the Taiwan legislature, by three dissenting members of the board of directors and by the CTWU and union members, who launched a nationwide strike to protest management's decision to proceed with the sale.