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Giant multinational companies (MNCs) are dominant in national and international production. They must be contained by international trade union cooperation, as well as legislation, conventions and other international instruments. Thirty years ago, the IMF launched its first World Company Councils as a medium for bringing together unions organising workers in MNC parents and subsidiaries. Today, company councils hold meetings for many transnational corporations, as needs arise. Some World Company Councils | Automobile: General Motors Ford Volkswagen Volvo Fiat Toyota Nissan Honda Mitsubishi Mazda | Electrical/Electronics: General Electric ABB (Asea-Brown Boveri) Matsushita Siemens Electrolux Thomson Multimedia | | Mechanical Engineering: SKF Caterpillar |
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