GLOBALISATION ADJUSTMENT FUND : RENAULT: EP APPROVES FRENCH AID REQUEST.

Position:Brief article
 
FREE EXCERPT

After being rejected by the European Parliament's Committee on Budgets (BUDG), on 11 October 2011, the application for intervention from the European Globalisation Adjustment Fund (EGF) for workers laid off by the French automotive group Renault has at last been approved by the European Parliament. The S&D group, which had earlier rejected the request, backed it on 15 December, giving the green light to the release of 24.5 million.

"We have a sense of responsibility and could not vote collectively against EGF support. We wanted this fund in support of workers, we defended it and we brought it into existence. But the pill is hard to swallow when we see it being manipulated at times," commented the Employment and Social Affairs Committee's Chair, French Socialist Pervenche Beres.

In October, Parliament was split over the treatment reserved for former senior employees who were beneficiaries of the...

To continue reading

REQUEST YOUR TRIAL