Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-14-Speech-3-030"
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"en.20071114.2.3-030"2
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"Mr President, for an increasing number of our constituents, globalisation means desolation, as factory after factory pulls out and moves east.
Just two weeks ago in Limavady, in my constituency, Seagate Technology announced its closure with 960 job losses, leaving that small town reeling. It is not just the lure of cheap labour, but our crippling burden of regulation on European industry which is devastating our manufacturing.
President Sarkozy was right when he told us yesterday that the EU has the right to protect itself from such ravages; I wish it would. Two immediate steps would help: a lowering of the threshold for the European Globalisation Adjustment Fund. One thousand job losses in Paris is bad, but in a small town like Limavady it is catastrophic. So the threshold should be lower for smaller economies. Secondly, the EU needs to loosen its state aid prohibitions so that things like modest industrial derating might help keep our manufacturing afloat. I would invite the Commission on those two specifics to respond positively."@en1
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