Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-03-13-Speech-3-222"
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"en.20020313.9.3-222"2
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"Mr President, Commissioner, ladies and gentlemen, the Trentin report surely lays the initial bases for major future decisions on economic policy. These bases do, however, need to be more incisive and detailed in the proposals, so that they do not merely stand as statements of principle but can be swiftly put into practice.
European leaders must apply themselves to rewriting the model for the social and market economy, bringing it up to date and rethinking it with greater emphasis on the social commitment. Signing up in general terms to innovation, training and flexibility and then backing out at the decisive moment is becoming not only disrespectful but surely detrimental to the working class as a whole.
Today, to get out of this rut, class and corporate interests must be opposed insofar as they are not compatible with modern reformism. Rather than taking to the streets – or rather getting the workers to take to the streets – the trades unions should be asking themselves how much the workers took home between 1992 and 2000, given the productivity achieved by companies, which was certainly substantial.
The proposal to turn employment around is based on a new bargaining structure and real pay flexibility. The new bargaining framework may be a regional or territorial system, half way between centralisation and company-level bargaining, with the aim of strengthening pay flexibility at company level where productivity is created and the individual contribution is valued.
A large contribution may be made by company profit-sharing schemes, which allow ordinary shares in the company to be acquired up to a certain percentage of gross profits. It has been found that the companies with the highest profits are also those that use profit sharing to ensure that their best staff are paid effectively. In the USA, the companies that adopt profit sharing tend to have higher pay and higher returns. The pay of those who join profit-sharing companies goes up, while those that leave have to bear a substantial pay cut."@en1
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