Unions suspended their nationwide strike on Monday, hours after Nigerian President Goodluck Jonathan partially reinstated subsidies to keep gasoline prices low and deployed soldiers in the streets to halt widening demonstrations.
Union leaders described their decision as a victory for labor, allowing its leaders to guide the country's policy on fuel subsidies in the future while having gas prices drop to about $2.27 a gallon (60 cents a liter). Read More
Nigeria's government is warning that a paralyzing national strike risks "anarchy" in the oil-rich nation, as demonstrations over spiraling fuel prices and government corruption entered their third day Wednesday.
Attorney General Mohammed Bello Adoke's comments come as at least nine people have been killed in violence during the strikes over the government removing subsidies that had kept gasoline prices low in Africa's most populous nation. Read More
Britain’s economy nearly came to a standstill in the late 1970s as a result of a contagion known as the British Disease — endless work stoppages, slowdowns and strikes called by militant trade unions. Company owners and managers had to secure prior approval from union bosses before carrying out even the most routine workplace tasks. Read More