Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-512-000"
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"en.20111025.29.2-512-000"2
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"Madam President, I would like to say more about the Nokia case. Nokia demonstrates that the limits of the European Globalisation Adjustment Fund are clearly identifiable and highlights the free-rider effects for companies, which are much larger than we would like.
As has already been mentioned, Nokia built a plant in the 1990s in Bochum with EU funding and, in 2008, closed production there from one day to the next. It then moved to Romania because the cost of setting up a plant there was lower. It has been said that as much as EUR 22 million was provided from the European Structural Funds. In Bochum, 1 300 workers were made redundant overnight and EUR 10 million of public money was invested to ensure that they could find new jobs. EUR 5 million of this came from the European Union. Now the same thing is happening in Romania. Nokia is closing its plant again, 2 200 employees are being made redundant and another request has been submitted for European money.
Nokia must be put on a blacklist for subsidy shopping and must not be given any more support. At this point, we really need to consider how we can prevent free-rider effects of this kind and how we can put a stop to this. This should not happen at the expense of the workers. However, we need to change the way in which our subsidies are structured and Nokia must pay back the money from the structural funds which it has received in Romania."@en1
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