Fears new pan European company status threatens workers’ rights
BRUSSELS – Europe wants to become a paradise for entrepreneurs, but unions and EU lawmakers fear a special new business rulebook known as “EU Inc” could unleash problems for workers by eroding labour rights. The European Union has ramped up efforts to make the bloc’s businesses better compete with US and Chinese rivals, fearing they... The post Fears new pan European company status threatens workers’ rights appeared first on New Era .
BRUSSELS – Europe wants to become a paradise for entrepreneurs, but unions and EU lawmakers fear a special new business rulebook known as “EU Inc” could unleash problems for workers by eroding labour rights.
The European Union has ramped up efforts to make the bloc’s businesses better compete with US and Chinese rivals, fearing they will fall further behind.
A major part of the push is “EU Inc”, a voluntary regime proposed in March that would allow companies to be established online in less than 48 hours − with a special pan-European status.
That would make it easier to do business in the EU since any entrepreneur could set up a firm that can swiftly get to work across the 27 member states.
But that sounds better on paper than in practice for the proposal’s critics.
“On the surface it looks like a technical company law proposal,” Marcus Meyer-Erdmann, a researcher at the European Trade Union Institute (ETUI), said.
