Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-03-Speech-3-309"
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"en.20020703.10.3-309"2
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"Mr President, the European Commission's proposal on the reform is welcome. After all, it is far-sighted to embark on a process of modernisation and reform at this stage, notwithstanding the successful history of the Regulation on merger control. I also think it is far-sighted since account is already being taken of the enlargement processes.
I endorse the rapporteur's report – as, indeed, does my group – but I also share the concern, for example, that some of the proposals set out in the Green Paper cannot actually be achieved in practice. For this reason, it is very important to ensure that the Commission gives its pledge that the issue of definitions, but also the replacement of the dominance test, will not be held over until other occasions in the future when the Regulation is reviewed again. I think this applies especially to the international dimension of the merger processes and especially to the innovative areas in which mergers are taking place.
The number of transnational corporate mergers has risen steadily in recent years. Their growing number and complexity are undoubtedly one reason for reviewing the division of competence and adopting new arrangements on coordination between national and EU competition authorities. I welcome the greater concentration on the Commission as a central contact point in the interests of efficiency, transparency, legal certainty, a shortening of deadlines and reducing the administrative burden on companies, and I also expressly endorse the Commission's indication that it may be necessary to create an additional judicial instance.
What must be examined in detail, however – and here I disagree with the previous speakers – is the major impact of mergers, especially on employment, and the criteria and procedures for examining the permissibility of a merger. Throughout the EU, thousands of jobs have been lost as a result of such restructuring. Companies should undoubtedly have the greatest possible freedom to make management decisions, but it is often the largest employer in a region which carries out these restructuring plans. The resulting job losses do not only affect the individual workers; they also have an impact on economic and social cohesion in the region as a whole. I would like to remind you in this context that the Nice European Council expressly described economic performance as being inseparable from social progress. This must be taken into account in competition law and competition policy, also within the framework of merger controls."@en1
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