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FAWU Bulletin, 4 September 2009 - Food and Allied Workers Union

FAWU Bulletin, 4 September 2009 - Food and Allied Workers Union

FAWU Bulletin, 4 September 2009 - Food and Allied Workers

FAWU BULLETIN Newsletter For Members and Staff 4 September 2009 Cnr. NY1 & NY 110, Gugulethu, 7750 Reg. Nr LR2/6/2/ 1348 Tel: 021 637 9040 Fax: 086 508 6065 E-mail: dominique-fawu@telkomsa.net FAWU Rejects Tiger Brand’s Superficial BEE Deal Tiger Brand's black economic empowerment (BEE) transaction is "superficial," the Food & Allied Workers Union (Fawu) said on Wednesday "The FAWU rejects the media-announced BEE transaction by Tiger Brands as a public relations exercise and marketing tactic, far from a genuine empowerment of its employees," it said in a statement. The union added that Tiger Brands -- unlike many other companies with which Fawu had relationships -- continued to "unilaterally" announce equity transactions involving employees without engaging their representatives. "This is a tendency that continues despite our recent verbal and written warning to them that it is unacceptable," Fawu said. According to the union, there were problems with the transaction as it created "a plethora of individuals holding 100 shares each and thereby creating some kind of incentives instead of collective ownership." 1

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