UFCW 400's McNutt Hails Pension Fund's Walmart Divestment

(Metropolitan Washington Council, AFL-CIO)Hailing the decision by Dutch pension fund ABP to divest itself of Walmart "a giant step," UFCW Local 400 President Tom McNutt (at left) said on January 13 that “in an era when global capital has amassed greater power over every sphere of our lives than ever before, it is absolutely critical that workers maximize our economic clout.” Along with workers around the world, the pensions of Local 400 members are held by ABP. “Local 400 members and retail food workers around the globe owe a debt of gratitude to ABP for its wise and far-sighted decision to divest from Walmart, and we urge other pension funds to follow suit” added McNutt. Click here for McNutt’s full statement. - photo of McNutt by Bill Burke/Page One