The ETUC has called on the Commission to expand the European Globalisation Adjustment Fund and make it into a pre-emptive tool to save jobs, as part of its initiatives set to be announced tomorrow.
Reacting to the European Commission’s communication on Savings and Investments Union reform presented today, Ludovic Voet, ETUC Confederal Secretary, said:
“This proposal socialises the risks, to the detriment of workers and taxpayers.
The European Trade Union Confederation (ETUC), the European Federation of Building and Woodworkers (EFBWW), the European Federation of Food, Agriculture and Tourism Trade Unions (EFFAT), the IndustriAll European Trade Union, the European Public Services Union (EPSU) and the European Transport Workers’ Federation (ETF) strongly condemn the European Commission’s Omnibus proposal, which constitutes a direct assault on corporate accountability, workers’ and trade union rights, and environmental protections.
Competition and labour - A Trade Union Reading of EU Competition Policies
Competition practices are facing a growing range of criticisms amid concerns with corporate power at an all-time high. This raises a number of challenges, including adverse impact on sustainability issues and the widening of income inequalities. As far as the labour market dimension is concerned, the failure of competition policies and enforcers to assess and address the impact of growing corporate power on workers is contributing to lower employment, wages and working conditions.
