Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-489-000"
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"en.20111025.29.2-489-000"2
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"Mr President, European demand for steel is falling. The world’s largest steel producer, ArcelorMittal, is therefore closing one of its three blast furnaces in Poland. It has already closed furnaces in Belgium, Germany and Spain. Here, we immediately start talking about the need for European intervention, and about subsidies from the European Globalisation Adjustment Fund. We think up ways, European-style, of how to fix the market, which is logically pushing down steel prices with the falling demand.
In the meantime, it is clear that ArcelorMittal is capable of restructuring production itself and of looking after its employees very well. In 2004, ArcelorMittal made 1 700 employees redundant in the Czech Republic. In 2006, more than 1 000 were made redundant, and in the following years again, more than 1 000. Arcelor at that time applied a policy of voluntary redundancies. The people who went voluntarily received severance pay equal to their average monthly pay for between one year and two-and-a-half years. As a result of these steps, the company turned around its former losses of almost CZK 1 billion, and last year made a CZK 700 million profit.
I now therefore consider it a huge error and an injustice for EU money – our money – to fund the restructuring of blast furnaces in Belgium or other West European countries. The Czech experience shows unambiguously that there is no need for this."@en1
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