Press Release: Collective redundancies: Commission announces package to reduce social impact of major job cuts

Anna Diamantopoulou, European Commissioner for Employment and Social Affairs, announced a package of Community initiatives on 10.5.01 to help companies and workers to adapt successfully to business change. The package, which focuses especially on advance preparation and management of corporate restructuring operations, will involve Community legislation, action by social partners, promotion of best practice by companies and may also involve redirecting European Social Fund money towards regions or sectors hardest hit by job losses.