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KMU slams wealthiest Filipinos as top exploiters

By: - Reporter / @santostinaINQ
/ 06:02 PM March 05, 2014

MANILA, Philippines — The country’s richest men who made it to Forbes magazines’s 2014 list of the wealthiest people on the planet are also the top exploiters of Filipino workers, the militant labor group Kilusang Mayo Uno said Wednesday.

“We are not surprised that these names came up in the Forbes’ list. We expected that these big capitalists will land in the list, especially because the Aquino government has given them all the blessings to exploit the Filipino workers and people,” Elmer “Bong” Labog, KMU chairman, said in a press statement.


KMU said some of the local tycoons on the Forbes list were capitalists who benefited from the governments’ sell-out of public services and utilities under various privatization schemes especially in the power industry.

“These capitalists are vultures that prey on the blood, sweat and tears of the Filipino workers and people. They should be condemned, not admired and held up as models, for amassing great wealth from the worsening poverty and hunger among the majority of the people,” Labog said.



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TAGS: Business, Forbes Magazine, Kilusang Mayo Uno, KMU, Labor
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