MEPs concerned about EU funding for company relocations

In adopting a report on relocation in the context of regional development, MEPs in the European Parliament called on the European Commission, march 2006 to penalise companies which, having received European Union aid, relocate their activity within seven years after the granting of the aid. Parliament demands that practices that are not conducive to the achievement of economic cohesion and the strategic goal of full employment, such as unjustified relocation likely to cause job losses, should not be financially supported by the EU.