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Land Reform Act Part 2 Guidance
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Labour-sponsored Solidarity Funds in Quebec are generating jobs
World of Work, No.50, March 2004Read all about it as a 44Kb doc or a 25Kb pdf
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| The Quebec Federation of Labour Solidarity Fund has become a major element in
the economic development of the Canadian province. A voluntary pension scheme with over 550,000 shareholders and assets of approximately $4.6 billion Canadian dollars, the Fund holds equity in some 1,900 small and medium-sized enterprises that have created nearly 100,000 jobs over the last couple of years. The success of the Fund is founded upon twin objectives. Its main goal is profit, yet the Fund promotes workers' rights and training and development for employees. It was the vision of Louis Laberge and other Quebec labour movement activists who saw the need for the creation of an alternative tool for economic development and social progress. Over the last twenty years the Fund has lived up to its pioneering role as a unique labour-sponsored investment fund laying the foundation for a new type of economic development based upon human capital. Fernand Daoust, former president of the administrative council of the Fund and now special counsellor to the president, explains the vision of the unique organisation. |
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