500 million euros to alleviate globalisation - local authorities to tap in? 13-03-2006 The Commission has proposed a European Globalisation adjustment Fund (EGF) of
up to 500 million euros annually. The EGF will complement the efforts of the
Member States at national, regional and local levels. The one-off, tailor-made
services to be funded by the EGF include job search assistance, personalised
retraining, promoting entrepreneurship, and assisting self-employment.
EU workers will be helped back to work by a new annual fund, that could
benefit every year up to 50,000 workers in the EU, especially in the regions and
sectors hit by major changes in world trade patterns. The EGF will provide
one-off, time limited individual support for tailor-made services to help, for
example, workers affected by globalisation with individual wage allowances,
re-training or concrete assistance to find new jobs.
LinksSource: European CommissionFor more information, please visit the European Commission website. back |
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