Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-02-15-Speech-4-114"
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"en.20010215.4.4-114"2
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".
Like Danone, major European companies are currently making colossal profits. In their competition with major firms in America or Japan, they seek to achieve profitability equivalent to that of the stock exchange. The sectors making a mere seven to eight per cent profits per annum are implacably restructured by means of reducing wages and, more especially, massive layoffs.
There is no justification for still making employees work 35, 40, 45 hours a week at oppressive rates while their fellow workers are shown the door even though profit margins are increasing. These tens of thousands of redundancies for the benefit of a few dozen shareholders should be prohibited. Democracy dictates that the lives of millions of people should not be subjected to the dictates of a handful of industrial magnates. These layoffs must therefore be banned.
When as much, and even more, can be produced while reducing the required work and time input necessary, there is no reason for the gains of such modernisation to be appropriated by employers and for millions of people to lose their jobs. We should look at the system the other way round, the millions of hours which have been gained should be redistributed, by cutting working hours drastically, to 32 hours in the first instance, without a concomitant drop in wages and without introducing flexibility, and by recruiting personnel as appropriate, financed through the profits made."@en1
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