The (sub) sectors with the most job losses caused by restructuring were the same before and after the crisis – auto/transport equipment manufacturing, transportation/storage, financial services and public administration. The European economy has been slowly recovering, but faces headwinds. Restructuring policy includes not only the labour dimensions but also the industrial and social impact reforms and regional policy. Stronger domestic and export demand are needed, but after the crisis the question is whether European industry is in a position to benefit from these. Looking at investment, we can only arrive at one conclusion — additional investments are needed across all sectors to ensure that, post crisis, European industry can continue to compete with other regions of the world. For this, both financial resources and healthy domestic and foreign demand are necessary. 3 The Commission believes that presenting the good practices in this field developed throughout the years to all the concerned stakeholders can contribute to increased awareness and more effective and generalized implementation of anticipative, proactive and socially responsible management of change and restructuring to the benefit of all of these stakeholders and to society as a whole. The European Commission calls on Member States to support and promote the implementation of the QFR through appropriate means and urges all stakeholders to cooperate on the basis of the principles and good practices outlined. The Commission will monitor the way in which the QFR is applied and consider the need to revise it by 2016. It will keep the European Parliament informed of the results.
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Reindustrialising Europe, Member States’ Competitiveness Report 2014, pag 6
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