EFD Europe of Freedom & Democracy : Questions raised about redundant workers' fund for Air France

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The proposed sum of 26 million euros to help redundant workers from Air France raises questions about European Globalisation Adjustment Fund

On November 20 2014, the BUDG Committee discussed its report on the mobilisation of the European Globalisation Adjustment Fund (EGF) for Air France. As this is a large sum, some issues were raised about the role and intent of the EGF in this discussion, including the role of companies to make good management decisions in the face of competition, especially in the European aviation sector.

Marco Zanni said that the proposal was adopted on 11 November to mobilise the EGF for workers made redundant from Air France KLM. He stressed that the amount requested is quite high: 26 million euros (50% of the cost of reintegration for the 3,886 workers affected). He added that the reference period is July 2013 to 31 October.

The French government already started the programme by providing support for the workers, and like Fiat Poland, this is a case of reimbursement for the funds provided by the French government.

He explained that the air transport situation in Europe is very serious and the most significant impact of losses is two-fold: a loss of market share by European operators because of the growth of Persian Gulf companies in this sector, and high fuel costs.

source: www.theparliamentmagazine.eu

Wednesday, 19 November 2014 Written by Marco Zanni Posted in Latest news, Newsroom, 2014, November, Budgets , Marco Zanni

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Marco Zanni