11 December 2020

Employers relieved by Council agreement on EU Budget

Ceemet, representing the employers of the European Tech & Industry sector, reacted with relief to the news of the agreement that was found at the European Council on Thursday. The possibility of a full implementation of the 2021-2027 Multiannual Financial Framework (MFF) and the Next Generation EU (NGEU) on the 1st of January 2021 is good news for a sector that has an estimated 6 million workers on short-time working schemes.

The Recovery and Resilience Facility, an important tool to exit the economic crisis by financially supporting Member States, companies and workers, could now swiftly become operational providing perspective to the crisis-ridden companies and their workers.

In our sector alone there are 1 000 000 jobs at risk to be lost forever”, says Delphine Rudelli, Ceemet Director General, in a first reaction. “We, our 200 000 companies and their workers, have been waiting and calling for an agreement in the European Council that unblocks the EU budget.

A coordinated and sustainable recovery

With the financial certainty that has been created, Member States can move on in finalizing their draft National Recovery and Resilience Plans (NRRP). In order to obtain a coordinated and sustainable recovery, Ceemet has identified in its Recovery plan for a competitive industry in a resilient Europe three key objectives:

  1. Restore the European single market & transform it into a seamless secure digital single market
  2. Finance the future of the European project by being big on the big things
  3. Develop labour markets and skills for the future

These objectives will be crucial for any NRRP to regain a competitive industry that provides qualitative jobs in Europe.

“Member States can rely on the insights, expertise and input of their sectoral social partners for the NRRPs that support industry in a meaningful and future oriented way” – concludes Delphine Rudelli.