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Money, money, money

PRIVATE EQUITY, CORPORATE TURBULENCE AND LABOUR REGULATION

Call for Papers
Private Equity, Corporate Turbulence and Labour Regulation

ESRC/Middlesex University One Day Workshop
Monday June 13th  2011, University of Geneva, Switzerland

Concerns over the role of private equity in shaping corporate behaviour were already apparent in the years immediately preceding the Great Financial Crash of 2008. In 2006 alone buy-outs of businesses by private equity organisations amounted to US$ 725bn. – equivalent to the economies of Argentina, Poland and South Africa combined. One quarter of all takeovers before the financial crash were financed by such private equity.

Major household names, such as Nabisco, Carrefour, Gate Gourmet and EMI have already fallen to such venture capital. Private equity finance depends on leverage, or the ability to borrow money to raise more finance. There is thus a dependence on debt, which enormously increases the risk of such investment. Up until the financial crash such risky ventures produced huge returns for the financiers, but after the crash such debt led to huge losses. Harvard University, for example, lost millions of dollars from its funds after it had mistakenly switched to private equity investment as an alternative to stocks and bonds. The result was lay-offs and redundancies of workers to cover the cost, a pattern of events being repeated elsewhere for workers whose employing organisation is dependent on debt finance.

Such ‘short-termism’ appears built in to the private equity model, as the financiers seek immediate gains from their investments at the cost of longer term corporate stability. Employees and their unions are faced with continuous episodes of restructuring as corporations are treated as ‘bundles of assets’ and plants are sold off to make profits or avoid losses. Productive investment in a company becomes less likely, as it is an additional cost to the remote owners. Workers suffer from increased job insecurity as off-shoring and contracting-out is encouraged, while industrial relations and collective bargaining becomes a casualty of corporate instability and ‘invisible’ employers.

This seminar will discuss and debate the continuing problems of private equity finance and corporate turbulence by bringing together academics and practitioners from trade unions, government bodies, employers and NGOs to discuss policy initiatives. The seminar is convened by Middlesex University, London and funded by the UK’s Economic and Social Research Council. It is part of a series of seminars examining global labour regulation in the international economy. Previous seminars reviewed problems arising from the increasing use of contract and agency labour, and migrant workers.

Overview speakers include:

Professor John Grahl (Middlesex University) on Restructuring under the Rule of the Capital Markets: the case of private equity? and
Professor Geoff Wood (Sheffield University), Professor Marc Goergen (Cardiff University) and Professor Noel O’Sullivan (University of Sheffield) with a data presentation on The Employment Consequences of Private Equity Acquisitions: The Case of Institutional Buy-Outs.

Plus speakers from International Trade Union Federations on the trade union response.

If you wish to contribute a paper to this seminar, or wish to attend as a delegate please contact below. We are particularly keen to hear case study presentations on labour-related problems flowing from private equity and institutional buy-outs. Some financial assistance may be available for selected presenters to cover costs of travel and accommodation.

For more information, and registration at the Seminar, please contact Professor Martin Upchurch, Middlesex University, London, UK: m.upchurch@mdx.ac.uk or Denise Arden d.arden@mdx.ac.uk

Further information on the seminar series can be found at Beyond Labour Regulation blog: http://www.globalworkonline.net/blog/private-equity-corporate-turbulence-and-labour-regulation/

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

MySpace Profile: http://www.myspace.com/glennrikowski

The Ockress: http://www.theockress.com

Rikowski Point: http://rikowskipoint.blogspot.com

Glenn Rikowski on Facebook at: http://www.facebook.com/glenn.rikowski

Volumizer: http://glennrikowski.blogspot.com

Austerity

CRITICAL LABOUR STUDIES 7th SYMPOSIUM

19th and 20th February 2011
Location: The Manchester Museum , The University of Manchester, Oxford Road, Manchester

PROGRAMME:

SATURDAY

9.00-9.30 – Registration

9.30 – 11.00 – Restructuring and Unions

‘Do Not Go Gentle Into That Good Culture? Industrial Restructuring and Culture Change: The Strategic Response of Organised Labour’ – Discussion generated by Bill Gray, Convenor, (Tata, Corus UK, Scunthorpe) and Ian Greenwood, (Leeds University Business School, Centre for Employment Relations Innovation and Change, CERIC).

‘Changing union and management strategies in a context of restructuring, marketisation and privatisation – the CWU in Royal Mail’ – Stephen Mustchin, David Beale, (University of Manchester )

‘Milking the Masses for Inspiration’: The Outsourcing of Creative Labour by Apple and Google’ Birgitta Bergvall-Kåreborn (Luleå University of Technology) Debra Howcroft (University of Manchester)

11.00-11.15. Coffee and Tea

11.15-12.15 Migration, Exploitation and Labour

‘Networks of Support for New Migrant Communities: Institutional Goals versus Substantive Goals?’ Robert MacKenzie, Chris Forde and Zinovijus Ciupijus, (Leeds University Business School)

‘Lets get back to normal’? Migrant workers, sectarianism and some problems with the labour movement in the north of Ireland ” Brian Garvey, Paul Stewart, Jolanta Kulinska, Sherley Dolo, Andrius Cislikaukas

12.15 – 1.00 Lunch

1.00-2.00 Activism and New Agendas in the Current Climate

‘Who is The Activist?   Biographies of worker activists from the North East’ John Stirling (University of Northumbria) and Jo McBride (University of Bradford), Discussant: Shirley Winter

‘Prevailing languages of class – fairness and equality in trade union discourse’ Sian Moore (London Metropolitan University)

2.00-3.00 – Communities, Renewal and the Worker Representation

‘Active unions, active communities: a local example of trade union/community engagement’ Jane Holgate CERIC Leeds University and John Page, Secretary of Hackney Unite

‘The Role of Trades Councils’ Geoff Brown Secretary of Manchester Trades Council

‘Developing the Trade Union Branch: the case of the UCU’ Beverley Woodburn UCU

3.00-3.30 Coffee and Tea

3.30 – 4.30 Politics, Academics and Worker Struggle

‘The BA Dispute in 2010’ – Speaker from UNITE BASSA

‘Objective but Not Detached: In Defence of Partisanship in Employment Relations Research’ Professor Ralph Darlington University of Salford

4.30 Book Launch

Tommy McKearney IWU – organized labour and politics in Northern Ireland ‘From Insurrection to Parliament’ (Pluto Books)

5.30 CLOSE OF DAY

SUNDAY

9.00-9.30 Coffee and Tea

9.30-10.45 Left Behind: Young Workers

‘Young workers in crisis’ – three presentations – Lef Kretsos (Coventry University), Mel Simms, Manuela Galetto (Warwick University)

‘Emerging prospects and constraints on getting labour history into the schools: a US perspective’ Anthony Tambureno (West Virginia University)

10.45-12.00 Internationalism and Work

‘International Political Economy of Work and Employability‘ Phoebe Moore, Salford University

‘Flexicurity and atypical employment as integrated parts of the new neoliberal employment agenda: a view from Greece and the European South.’ Stelios Gialis, Aristotle University of Thessaloniki

‘China and the International Labour Movement’, Charles Umney, University of Leeds

12.00-12.30 LUNCH

12.30 -2.00 – The End of the Public and Free University Britain ?

Cases from the frontline: UWE (Andy Danford, UWE) and Sian Moore (London Metropolitan),

Discussion

2.00- 3.00 CLS Meeting

Finish 3.00

Organisers: Jane Holgate, Debra Howcroft, Miguel Martinez Lucio, and Jo McBride
Contact: miguel.martinezlucio@manchester.ac.uk, or debra.howcroft@mbs.ac.uk

Cheques for £60 (waged) or £40 (unwaged) (which includes all food and refreshments) should be made out to ‘Critical Labour Studies’ and sent to Miguel Martinez Lucio (staff), Manchester University , PMO Division, Manchester Business School, Booth Street West, Manchester M15 6PB.

Please do confirm you are coming so we can plan the catering and support

For Updates, Changes and Accommodation Links Check – http://criticallabourstudies.org.uk/site  
For Hotels in Manchester you can try: http://www.booking.com/city/gb/manchester.html
Manchester Business School has some cheaper accommodation: http://www.mbs.ac.uk/aboutus/conference-hotel/hotel-services.aspx

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

MySpace Profile: http://www.myspace.com/glennrikowski

The Ockress: http://www.theockress.com

Rikowski Point: http://rikowskipoint.blogspot.com

Glenn Rikowski on Facebook at: http://www.facebook.com/glenn.rikowski

Volumizer: http://glennrikowski.blogspot.com

Historical Materialism 6

Historical Materialism 6

HISTORICAL MATERIALISM SIXTH ANNUAL CONFERENCE – REGISTRATION

 

Sixth Historical Materialism Annual Conference
Another World is Necessary: Crisis, Struggle and Political Alternatives
27–29 November 2008
School of Oriental and African Studies (SOAS) and Birkbeck College, London, WC1
In association with Socialist Register and the Isaac and Tamara Deutscher Memorial Prize Committee

REGISTRATION NOW OPEN!
http://mercury.soas.ac.uk/hm/conference2009.htm

The annual Historical Materialism conference is organised by the editorial board of Historical Materialism in association with the Deutscher Memorial Prize committee and the Socialist Register. The conference has become an important event on the Left, providing an annual forum to discuss recent developments on the agenda of historical-materialist research and has attracted an increasingly high attendance over the past four years. The Editorial Board of Historical Materialism welcomes attendance and active engagement in discussion with panellists from new as well as prior participants with an interest in critical-Marxist thought.

One of the principal objectives of the conference has been to build bridges among the various Marxist communities, including the breaking down some of the linguistic and intellectual barriers which continue to hamper the circulation and expansion of critical-Marxist thought. The sixth annual Historical Materialism Conference, under the banner of ‘Crisis, Struggle and Political Alternatives’, promises to continue and take forward this objective.

The conference is organised around three plenary sessions (the Deutscher lecture, the launch of the Socialist Register 2010, and Historical Materialism’s plenary) and a host of workshops dedicated to specific themes.

THE FULL TIMETABLE WILL BE AVAILABLE SOON

For more details, please contact: historicalmaterialism@soas.ac.uk

Attendance is free, but participants must register in advance online (if this is not possible, please contact historicalmaterialism@soas.ac.uk). However, the conference is largely self-funded and we will depend on voluntary donations by attendants and participants to support the organisation and running of the event. The suggested advanced online donation is £40 for waged and £15 for unwaged: http://mercury.soas.ac.uk/hm/conference2009.htm, , and the suggested donation on the door is £50 for waged and £20 for unwaged.

For logistical and other support, Historical Materialism would like to thank the School of Oriental and African Studies and the Centre for International Security and Diplomacy. For sponsorship, thanks to the Faculty of Law and Social Sciences at SOAS, SOAS Student Union, Brill Academic Publishers, the Deutscher Memorial Prize committee, Socialist Register, Journal of Agrarian Change, the International Initiative for the Promotion of Political Economy and Bookmarks.

The Editorial Board of Historical Materialism

THEMES FOR THIS YEAR’S CONFERENCE INCLUDE THE FOLLOWING: A LEFT PROJECT: TRANSFORMING THE STATE? * AGENCY * AGRARIAN CHANGE IN CONTEMPORARY CAPITALISM: TECHNICAL DYNAMICS AND ENVIRONMENTAL * TRAJECTORIES * ALTHUSSER AND PHILOSOPHY * APOCALYPSE MARXISM * ART AGAINST CAPITALISM * ART AND CRITIQUE IN GERMANY BETWEEN THE WARS * BOOK LAUNCH: ALEX CALLINICOS’S IMPERIALISM AND GLOBAL POLITICAL ECONOMY * BOOK LAUNCH: KARL MARX AND CONTEMPORARY PHILOSOPHY * CAPITALISM, CITIZENSHIP AND CRISIS * CLASS AND CONFLICT IN ANCIENT GREECE * CLASS AND POLITICS IN THE ‘GLOBAL SOUTH’ * CLASS, CRISIS, DISTRIBUTION * COGNITIVE MAPPING, TOTALITY AND THE REALIST TURN * COMMODIFYING HEALTH CARE IN THE UK * CUBAN REVOLUTION AND CUBAN SOCIETY * DERIVATIVES * DEVELOPMENTALISM, THE STATE AND CLASS FORMATION * DIMENSIONS OF THE FOOD CRISIS * EASTERN CENTRAL EUROPE FROM TRANSITION TO EU ENLARGEMENT: CHANGE AND CONTINUITY IN THE GLOBAL POLITICAL ECONOMY * ECOLOGICAL CRISIS * EMPIRE AND IMPERIALISM * ENERGY AND GEOPOLITICS * ENERGY, WASTE AND CAPITALISM * EPISTEMOLOGY, DIALECTICS AND HISTORICAL MATERIALISM * EXTENDING THE MINERALS-ENERGY-COMPLEX * FEMINISM AND SOCIALIST STRATEGY * FINANCE, THE HOUSING QUESTION AND URBAN POLITICS * GLOBAL LAW AND HUMAN RIGHTS: MARXIST REFLECTIONS * GRAMSCI RELOADED * GREEN CAPITALISM AND ENVIRONMENTAL CRISIS * HISTORICAL MATERIALISM AND LATE CAPITALIST DEVELOPMENT * HISTORICAL MATERIALISM AND SOCIAL RESEARCH * HISTORICISING HISTORICAL MATERIALISM * HM BOOK SERIES LAUNCH:  MIKKO LAHTINEN ON ALTHUSSER AND MACHIAVELLI * HM BOOK SERIES LAUNCH: PETER THOMAS’S THE GRAMSCIAN MOMENT * IN MEMORY OF PETER GOWAN * INTERNATIONAL PERSPECTIVES ON THE CRISIS * INTERPRETATIONS OF THE CRISIS * ISAAC AND TAMARA DEUTSCHER MEMORIAL PRIZE LECTURE: KEES VAN DER PIJL, NOMADS, EMPIRES, STATES * KNOWLEDGE, NATURE, PROPERTY * LABOUR * LABOUR AND THE ECONOMIC SUBJECT IN CONTEMPORARY ART * LABOUR BEYOND THE FACTORY * LATIN AMERICAN WORKING CLASSES * LEARNING FROM PAST CRISES * LINEAGES OF NEOLIBERALISM * LISTEN TO VENEZUELA SCREENING AND DISCUSSION * MARXISM AND LATIN AMERICAN HISTORY * MARXISM AND NATIONALISM TODAY * MARXISM AND POLITICAL VIOLENCE * MARXISM AND SOCIAL MOVEMENTS * MARXISM AND TIME * MARXISM BETWEEN ETHICS AND UTOPIA * MARXISM, DEMOCRACY AND CLASSICAL POLITICAL THEORY * MIGRATION * MONEY * MORBID SYMPTOMS: HEALTH UNDER CAPITALISM * NEOLIBERALISM, AESTHETICS AND THE RECUPERATION OF DISSENT * ON THE OBJECTS OF COMMUNISM: A HACKING PANEL * PHILOSOPHY AND COMMUNISM IN THE EARLY MARX * PLANNING, LOCALISM AND THE LEFT * POSTNEOLIBERALISM * PRESENTATION OF THE JOURNAL CHTO DELAT/WHAT IS TO BE DONE? * RACE, NATION AND ORIENTALISM * RED PLANETS: MARXISM AND SCIENCE FICTION * RE-EMBEDDING MARXISM: COERCION AND POLITICAL ECONOMY * REGISTERING THE CRISIS: A SOCIALIST REGISTER ROUNDTABLE * RESEARCH ON MARX * RESTRUCTURING, OUTSOURCING, DISTRIBUTION: DIMENSIONS OF THE GLOBAL CRISIS * REVOLUTIONARY THEORY, AUTONOMIST MARXISM AND THE CRITIQUE OF POLITICAL ECONOMY * SLAVERY AND CAPITALISM IN THE US SOUTH * SOCIAL MOVEMENTS IN LATIN AMERICA: THE CURRENT CONJUNCTURE * STUDENT MOVEMENTS AND YOUTH REVOLTS * THE ARTS AND CAPITALIST CRISIS: THE NEW DEAL EXPERIENCE * THE CRITIQUE OF RELIGION AND THE CRITIQUE OF CAPITALISM * THE POLITICAL AESTHETICS OF REALISM * THE POLITICAL ECONOMY OF WORK * THE POLITICS OF FINANCE * THE POLITICS OF THE WILL * THE POLITICS OF VALUE * THE RIGHT: RACE, NATION, IDENTITY * THE TURN TO ETHICS AND THE CRITIQUE OF CAPITALISM * ‘TURBULENCE: IDEAS FOR MOVEMENT’, NEW ISSUE LAUNCH * UNION STRUGGLES * UNOISM, ECOLOGY AND CRISIS * UTOPIAS, DYSTOPIAS AND SOCIALIST BIOPOLITICS * WEBLOGS AND THE OPPOSITIONAL PUBLIC SPHERE: A DISCUSSION * WHAT IS ABSTRACTION? * WORKERS AND STRUGGLE TODAY * ZIONISM, 
ANTISEMITISM AND THE LEFT – A DEBATE

SPEAKERS INCLUDE: Gilbert Achcar * Gregory Albo * Robert Albritton * Peter Alexander * Noaman Ali * Kevin B. Anderson * Ricardo Antunes * Caroline Arscott * Sam Ashman * John Ashworth * Ilker Atac * Jairus Banaji * Fletcher Baragar * Banu Bargu * Colin Barker * Tom Barnes * Luca Basso * Matthew Beaumont * Pinar Bedirhanoglu * John Bell * Aaron Benanav * Halil Berktay * Armin Beverungen * Robin Blackburn * Paul Blackledge * Max Blechman * Derek Boothman * Mark Bould * Bill Bowring * Ulrich Brand * Craig Brandist * Michael Brie * Wendy Brown * Dick Bryan * Adrian Budd * Verity Burgmann * Alex Callinicos * Mauro Farnesi Camellone * Bob Cannon * Thomas Carmichael * Warren Carter * Giorgio Cesarale * Maria Elisa Cevasco * Dae-op Chang * Vivek Chibber * Andrew 
Chitty * Christopher Chitty * Joseph Choonara * Sheila Cohen * Alex Colas * Tim Cooper * Stipe Curkovic * Steve Cushion * Gareth Dale * Neil Davidson * Gail Day * Tim Dayton * Kathryn Dean * Angela Dimitrakaki * Demet Dinler * Kevin Doogan * Elizabeth Dore * Nick Dyer-Witheford * Juliane Edler * Aram Eisenschitz * Hester Eisenstein * Fuat Ercan * Adam Fabry * Daniel Fairfax * Mariano Feliz * Ben Fine * Robert Fine * Mark Fisher * Peter Fleming * Gregory C. Flemming * Keith Flett * John Foran * Vassillis Fouskas * Carl Freedman * James Furner * Alexander Gallas * Andreia Galvao * Ferruccio Gambino * Earl Gammon * Mike Geddes * Lindsey German * Frantz Gheller * Lesley Gill * John Glenn * Jesse Goldstein * Maya Gonzalez * Jeff Goodwin * Jamie Gough * Nick Gray * Juan Grigera * Peter Hallward * Ayeesha Hameed * Carrie Hamilton * Bue Hansen * Jane Hardy * Chris Harman * Stefano Harney * Barnaby Harran * David Harvie * Owen Hatherley * Mike Haynes * Lesley Henderson * Christoph Henning * Rob Heynen * Andy Higginbottom * Sarah Hines * John Holloway *  John Holst * Patricia Howard * Peter Hudis * Liz Humphries * Robert Jackson * Dhruv Jain * Fredric Jameson * Elinor Jean * Seongjin Jeong * Bob Jessop * Bonn Juego * Anush Kapadia * Brian Kelly * Sami Khatib * Jeff Kinkle * Kelvin Knight * Meri Koivusalo * Ahmet Hasim Kose * Conor Kostick * Primoz Krasovec * Maria Kyriakidou * Xavier Lafrance * Mikko Lahtinen * Alex Levant * Les Levidow * Iren Levina * William Lewis * Nicola Livingstone * Jean-Guy Loranger * Monica Clua Losada * David Mabb * Andreas Malm * Gonzo Poso Martin * Randy Martin * Jonathan Martineau * Meade McCloughan * David McNally * Angela McRobbie * Simon Mohun * Peter P. Mollinga * Kim Moody * Colin Mooers * Jason W. Moore * Adam Morton * Sara Motta * Tadzio Müller * Vlad Mykhnenko * Ozgur Narin * Jonathan Neale * Mike Newman * Susan Newman * Benjamin Noys * Blair Ogden * Ozlem Onaran * Deidre O’Neill * Ebru Deniz Ozan * Melda Ozturk * Leo Panitch * Giorgos Papafragkou * David Parker * Jaime Pastor * Jody Patterson * Knox Peden * Alexei Penzin * Simon Pirani * Iain Pirie * Amedeo Policante * Nicolas Pons-Vignon * Charles Post * Moishe Postone * Nina Power * Gonzalo Pozo-Martin * Lucia Pradella * Toni Prug * Ozren Pupovac * Thomas Purcell * Hugo Radice * Ravi Raman * Akbar Rasulov * Gene Ray * John Rees * Tobias Reichardt * Paul Reynolds * Sébastien Rioux * John Roberts * Ed Rooksby * Ellen Rosen * Christina Rousseau * Sheila Rowbotham * Sally Ruane * Frank Ruda * Alfredo Saad-Filho * Spyros Sakellaropoulos * Birgit Sauer * Johannes Dragsbaek Schmidt * Alan Sears * Thomas Sekine * Ben Selwyn * Greg Sharzer * Stuart Shields * Subir Sinha * Gary Slater * John Smith * Johan Soderberg * Clare Solomon * Panagiotis Sotiris * Dimitris Sotiropoulos * Susan Spronk * Kerstin Stakemeier * Julian Stallabrass * Engelbert Stockhammer * Adam Swain * Erik Swyngedouw * Lotta Takala-Greenish * Daniel Tanuro * Jean Baptiste Thomas * Peter Thomas * Hillel Ticktin * John Timberlake * Bruno Tinel * Massimiliano Tomba * Jonathon Tomlinson * Alberto Toscano * Ben Trott * Julian Tudor-Hart * Emily van der Meulen * Marco Vanzulli * Leandro Vergara-Camus * Zaira Rodrigues Vieira * Dmitry Vilensky * Marina Vishmidt * Andriana Vlachou * Hilary Wainwright * Mike Wayne * Xiaoping Wei * Duncan Wigan * Evan Calder Williams * Michael Wood * Phil Woodhouse * Galip Yalman * Karel Yon * Christian Zeller * Alexander Zevin * Mislav Zitko *

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

Volumizer Resurrection Twelve

 

 

The Volumizer was Glenn Rikowski’s AOL blog. It was started up on 29th September 2005. On 30th September 2008, AOL announced that all of its Hometown products, including its blogs and newsletters, would be closed down on 31st October 2008. Glenn’s articles, many of which were written for his students at the Volumizer, will be preserved at The Flow of Ideas. The latest articles to be included in this project are listed below:

 

 

 

2008

 

 

Rikowski, G. (2008) Education As Culture Machine, 25th September, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Education%20As%20Culture%20Machine

 

 

Rikowski, G. (2008) Notes on the Confessions of John Denham, 26th August, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Notes%20on%20the%20Confessions%20of%20John%20Denham

 

 

Rikowski, G. (2008) Uninspiring Towers: Higher Education Futures in the UK, 1st August, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Uninspiring%20Towers

 

 

Rikowski, G. (2008) Outsourcing Public Services – with special reference to education, 26th July, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Outsourcing%20Public%20Services

 

 

Rikowski, G. (2008) Postmodern Dereliction in the Face of Neoliberal Education Policy, 27th April, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Postmodern%20Dereliction%20in%20the%20Face%20of%20Neoliberal%20Education%20Policy

 

 

Rikowski, G. (2008) Post-Fordism and Schools in England, 26th April, London, online at: http://www.flowideas.co.uk/?page=articles&sub=Post-Fordism%20and%20Schools

 

 

Glenn Rikowski

The Rikowski web site, The Flow of Ideas is at: http://www.flowideas.co.uk