Skip to content

Farmworkers launch JPMorgan Chase Divestment Campaign

September 7, 2010

We reported at the US Social Forum in June about a campaign that was being organized by the Farm Labor Organizing Committee (FLOC) that was targeting the JP Morgan/Chase bank. Below is a Media Release we received today from FLOC.

JP Morgan Chase is one of the lead banks in a consortium of lenders that provides $498 million dollars in credit to Reynolds American, one of the largest tobacco companies in the US. While Reynolds American and JP Morgan Chase make billions, tobacco farmworkers continue to suffer serious human rights abuses in the fields. Although Reynolds does not directly employ these farmworkers, they determine the terms for contract growers which directly affects the living and working conditions of farmworkers.

Reynolds American and JP Morgan Chase have the ultimate responsibility and financial resources to ensure safe and humane working conditions for tobacco farmworkers.

As a major lender to Reynolds, Chase has the stature and resources to convince Reynolds to improve conditions for tobacco farmworkers. Since May 12, 2010 FLOC has been asking Chase to use their influence to push Reynolds to address farmworker exploitation.  To date Chase has refused to take any action.

Beginning on September 7, 2010, FLOC will launch a national divestment campaign of Chase bank and call on consumers to close their Chase accounts and cancel Chase credit cards until Reynolds agrees to work with FLOC to find a solution to these abuses or until Chase severs financial ties with Reynolds.

Even if you don’t currently have a Chase bank account or Chase credit card, you can support the divestment campaign by pledging not to bank with Chase or apply for a Chase credit card.

Beginning Monday, September 13, FLOC supporters will be organizing actions nationwide in front of Chase branches to increase awareness about the abuses in the fields of NC and to keep building on the Chase divestment campaign. We will continue to organize events at Chase Bank branches throughout the campaign until Chase agrees to help find a solution or it severs financial ties with Reynolds American. Click here for more info and to download the Chase Organizing Toolkit.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: