EU Commission unveils plans for retraining fund
01/03/2006 - 12:59:03The European Commission today presented plans for an annual €500m fund to help workers left unemployed in the EU by restructuring due to globalisation.
Commission President Jose Manuel Barroso said the aid scheme was meant to soften the blow of restructuring due to increased global competition across the 25-nation European Union.
It was also to “express the Union’s solidarity toward those severely and personally affected by trade-adjustment redundancies”.
