Towards a European framework on restructurings. If the Parliament adopts the resolution as planned on December 10-11, the European Commission will have to either adopt a proposal or explain its reasons for refusing to do it. Indeed, since the Lisbon Treaty, Article 225 of the EU Treaty according to which the EP can ask the Commission to submit “any appropriate proposal on the issues that require, in its view, the drawing up of an EU act in order to implement the treaties.” In a speech given on November 15 at a meeting organized by the European social-democrats (S&D) on restructurings, European Commission in charge of Employment László Andor said that he was convinced that a European framework for socially responsible restructurings was necessary. While it is now highly likely that the EU will adopt a European framework, few people believe that it will be binding.
o submit “any appropriate proposal on the issues that require, in its view, the drawing up of an EU act in order to implement the treaties.” In a speech given on November 15 at a meeting organized by the European social-democrats (S&D) on restructurings, European Commission in charge of Employment László Andor said that he was convinced that a European framework for socially responsible restructurings was necessary. While it is now highly likely that the EU will adopt a European framework, few people believe that it will be binding.
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