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EUROPE

 
 
In the fifties, the precursor to the current European Union, the European Coal and Steel Community (ECSC) organised the modernisation and rationalisation of these strategic sectors. As a result of the valuable experience gained in the field of restructuring, the European Economic and Social Committee (EESC) created a Consultative Committee on Industrial Change (CCMI), whose expertise was extended to all aspects of industrial change.

 
During the seventies three directly related to restructuring directives were adopted and all of them were modified during the last 10 years:
- collective dismissals (1975, modified in 1998)
- transfer of undertakings (1977, modified in 2001)
- insolvency (1980, modified in 2002)
 
Others initiatives have been recently launched at European Union level:
- Following the Gyllen Hammar reports the European Monitoring Centre on Change (EMCC – located in Dublin) has been created
- Globalisation fund. Very recently, a new fund has been created to ease social consequences of “big” restructuring
- Restructuring forum
  But, although European Construction can itself be seen as Global Restructuring, (in that it has far reaching results on the society, power and the economic life of the continent as a whole), the question is, does Europe itself have a global view on restructuring and is it equipped with the necessary tools to implement it?
 
Current European policy on this issue may be the object of some concern and, with the future in mind, a step back into the origins of the Union itself and what it has, so far, been able to achieve, is worthy of reflection.
 
Case study:
 
European restructuring and policies