LEVEL OF TRADE BY BETWEEN 0.56 AND 1.78 EUA PER CLOCK ; WHEREAS FOR OTHER MODELS THE MARGIN OF PRICE UNDERCUTTING VARIED FROM 0.26 TO 3.75 EUA ;
WHEREAS THIS REFLECTS IN PARTICULAR THE VERY LOW IMPORT PRICES FOR CLOCKS ORIGINATING IN THESE COUNTRIES ;
WHEREAS THE CONSEQUENT IMPACT ON THE COMMUNITY INDUSTRY TAKES THE FORM PRINCIPALLY OF LOSS OF MARKET SHARE AND OF A DEPRESSION OF COMMUNITY PRICES FOR MECHANICAL ALARM CLOCKS SIMILAR TO THOSE BEING IMPORTED ; WHEREAS , FOR EXAMPLE , THE SHARE OF THE COMMUNITY MARKET HELD BY COMMUNITY MANUFACTURERS IS ESTIMATED TO HAVE FALLEN FROM 59 % IN 1975 TO 47 % IN 1978 ; WHEREAS IN GERMANY THE ESTIMATED FALL HAS BEEN FROM 67 TO 56 % , IN FRANCE FROM 65 TO 44 % AND IN THE UNITED KINGDOM AND IRELAND FROM 57 TO 52 % ; WHEREAS , MOREOVER , THOSE FIRMS WHICH HAVE ATTEMPTED TO MAINTAIN THEIR MARKET SHARES ARE MAKING VERY LOW PROFITS OR , IN MANY CASES , SUBSTANTIAL LOSSES ON THEIR MORE BASIC MODELS ;
WHEREAS COMMUNITY PRODUCTION OF MECHANICAL ALARM CLOCKS IS ESTIMATED TO HAVE FALLEN BY ABOUT 20 % SINCE 1975 , WHICH HAS RESULTED IN THE LOSS OF MANY JOBS ; WHEREAS , FOR EXAMPLE , THE FOUR MAJOR PRODUCERS HAVE REDUCED THEIR WORKFORCES BY BETWEEN 12 AND 32 % SINCE 1975 ; WHEREAS THE EVIDENCE AVAILABLE SUGGESTS THAT THIS IS DUE PRIMARILY TO REDUCED LEVELS OF PRODUCTION , RATHER THAN TO RATIONALIZATION ;
WHEREAS THE SOLE REMAINING UNITED KINGDOM PRODUCER OF MECHANICAL ALARM CLOCKS HAS RECENTLY BEEN OBLIGED TO LAY OFF A SUBSTANTIAL NUMBER OF WORKERS AND HAS PUT THE REMAINING WORKERS ON A THREE-DAY WEEK ;
WHEREAS THE COMMISSION HAS CONSIDERED WHETHER THERE IS INJURY CAUSED BY OTHER FACTORS WHICH , INDIVIDUALLY OR IN COMBINATION , ARE ALSO ADVERSELY AFFECTING THE COMMUNITY INDUSTRY ; WHEREAS THE COMMISSION HAS EXAMINED IN PARTICULAR IN THIS CONTEXT THE LEVEL AND PRICES OF OTHER IMPORTS AND THE LEVEL OF DEMAND IN THE COMMUNITY FOR MECHANICAL ALARM CLOCKS ; WHEREAS THE LEVEL OF OTHER IMPORTS FELL FROM 2.43 MILLION PIECES IN 1975 TO 2.25 MILLION PIECES IN 1978 , AND FELL FURTHER IN THE FIRST HALF OF 1979 ; WHEREAS THE AVERAGE PRICES FOR THE PRINCIPAL COUNTRIES INVOLVED IN THE FIRST HALF OF 1979 WERE , WITH THE EXCEPTION OF BRAZIL AND HUNGARY , HIGHER THAN THOSE OF THE HIGHEST-PRICED SOURCE FOR WHICH DUMPING WAS FOUND , WHILE AT THE SAME TIME IMPORTS FROM HUNGARY AND BRAZIL ACCOUNTED FOR ONLY 7 % OF ALL IMPORTS OTHER THAN THOSE FOUND TO BE DUMPED , HAVING FALLEN DRAMATICALLY FROM THEIR 1978 LEVEL ; WHEREAS , ACCORDING TO THE INFORMATION AVAILABLE TO THE COMMISSION , THE LEVEL OF COMMUNITY DEMAND FOR MECHANICAL ALARM CLOCKS REMAINED UNCHANGED FROM 1975 TO 1978 , WHILE OVER THIS PERIOD THE NUMBER OF COMMUNITY PRODUCERS DECLINED CONSIDERABLY ;
WHEREAS THE PRELIMINARY EXAMINATION OF THE FACTS SHOWS THAT THERE IS NO DUMPING IN THE CASE OF HONG