Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-27-Speech-3-155"
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"en.19991027.5.3-155"2
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"Mr President, I must use this debate to protest at the scandalous decision by Michelin to go ahead with 7,500 redundancies when it is experiencing increased profits.
I am of course equally disgusted by the plans for lay-offs by Renault-Nissan, by Alsthom, by Rhône-Poulenc, Hoechst Marion Roussel and many other companies. What they have in common is the fact that they are all making considerable profits and are nevertheless sacking workers, or making them redundant, the consequences of which are almost as serious, for every job axed means one more unemployed person. Companies behaving in this way, their customers and their major shareholders are the people mainly responsible for the seriousness of unemployment and for the physical, and even moral poverty that this creates.
We think that redundancies by all companies who are making profits should be prohibited, subject to requisition. Favouring the enrichment of a handful of major shareholders whilst forcing tens of thousands of men and women into unemployment and into poverty is a criminal attitude, and I choose my words carefully. Company profits are the result of the work of all its employees; those profits should be used to maintain existing jobs as a matter of priority, and to create new ones, by sharing out the work without reducing wages."@en1
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