Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-15-Speech-1-080"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-12-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Takeover bids2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20031215.7.1-080"2
lpv:hasSubsequent	lp_eu:2003-12-15-Speech-1-0812
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; Temporary committee on improving safety at sea (2003-11-20--2004-04-21)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	"Mr President, we know that allowing companies to mount hostile takeover bids can jeopardise the right of States to maintain control over strategic businesses and decision-making bodies that are crucial to their development, specifically over companies that perform a public service. Such takeover bids frequently result in lower value for shareholders in terms of loss of output and, even more seriously, in the destruction of jobs. It is crucial that company workers and their representatives are, at all stages of the process, properly informed and consulted about the potential effects of a hostile takeover bid on employment and on company restructuring. Unacceptably, no such guarantees are given. The European Parliament must, therefore, approve the proposals for amendments intended to achieve this aim, although we must go further and ensure that workers and their representatives have mechanisms that enable them to obstruct a hostile takeover bid that will have potentially disastrous consequences for employment and for other rights."@en1

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