Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-107"
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"en.20010704.3.3-107"2
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"Madam President, the EPLP delegation voted in favour of the mergers and takeover conciliation text. While we realise that the prime objective of this directive was to protect minority shareholders’ and investors’ interests against unscrupulous directors and inefficient company boards in a takeover or merger, in conciliation we achieved the incorporation of amendments tabled by the Socialist Group, which meant that this directive would have recognised the legitimate interests of employees in a takeover bid.
Some believe that this directive did not go far enough in this direction and that there is no real genuine consultation of the workforce. Let us be clear: this was a choice between no information and providing information to the workforce in the process of a takeover or merger.
As a senior British trade union general secretary said, it is a significant step forward and offers a chance to build a substantial foundation. It would be wrong to oppose the directive because it does not give sufficient rights of information and consultation.
This directive would have had no effect on the
of employment rights in the EU, or in the national Member States. It was a minimum requirement. I think you agree, Madam President, that Parliament has not covered itself in glory with its tied result today. We will have no directive on mergers and takeovers and we will have no information and consultation with rights for workers, even though mergers and takeovers will continue to happen across the European Union."@en1
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