Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-16-Speech-2-106"
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"en.20031216.3.2-106"2
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". The EPLP is disappointed that additional amendments to strengthen information and consultation provisions in the directive were narrowly defeated by a PPE and Liberal led coalition. The EPLP supported amendments affording employees more extensive rights of information and consultation during the bid process.
Nonetheless, we accept that this directive does represent an improvement for employees on information and consultation, compared with the July 2001 directive.
Articles 6, 9 and 13 represent an improvement on employees' rights. Indeed the original Commission proposal provided that the provisions of the information and consultation directive would be without prejudice to the takeovers directive, now it is explicit that the takeover directive is without prejudice to the information and consultation directive.
For the EPLP, it comes down to question of political judgement: Is it better to have no directive thus allowing the continuation of an unregulated market for takeovers, with no disclosure or transparency of corporate structures and little or no guarantee of employees' rights to information and consultation, or, is it better to vote in favour of a directive allowing substantial progress on creating a open, transparent framework for takeovers, introducing new standards to guarantee both employees' and investors rights? We voted for the latter."@en1
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