Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-09-06-Speech-3-190"
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"en.20000906.7.3-190"2
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"Mr President, the records for company mergers have now been broken in the telecommunications sector, with mega-mergers in Europe and on the other side of the Atlantic. These operations involve billions of dollars, and benefit consumers, who are also employees facing company closures, relocations and redundancies. The telecommunications sector has become a symbol of capitalist globalisation, which forces it to bear the cost of this race towards ever more enormous deals.
The Lisbon Summit made several references to the information society. This is something which can indeed enable considerable progress to be made. There is no doubting that this is a challenge! Nowadays these changes are generally matched by a dismantling of social rights, an increase in part-time work and flexibility at work. Nor can we ignore the consequences for the freedom of information, cultural diversity and public services. The Commission banned the merger between MC Worldcom and Sprint solely because it might threaten free competition.
At a time, however, when the European Union is making employment a priority, mergers should also be seen in light of their consequences for employment and land-use planning. We should also increase the employees’ and union organisations’ rights and powers on the boards of European companies and perhaps even give them a right of veto in the event of restructurings or mergers. Lastly, common regulations should be promoted so that the information society benefits all citizens and is based on equality of access, freedom of information and cultural diversity."@en1
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