More systematic information and consultation of workers, especially at times of restructuring, could lead to significant economic benefits – by reducing the severity of industrial conflicts, reducing the rate at which people leave their jobs (the so-called ‘quit rate’), increasing employability, and/or easing social and health effects on social welfare systems and the related costs (notably in health-related treatment). The European Parliament’s European Added Value Assessment on the subject87 analysed how an appropriate initiative at EU level should limit the social costs of structural adjustment, provide an integrated and coherent approach to dealing with restructuring, and help eliminate potential distortions of competition within the single market and inequalities in treatment of workers resulting from divergences in national regulations. Across the Union as a whole, the measure could generate efficiency gains of around 3.0 billion euro per year.
Be the first to write a comment.