EU: EXECUTIVE PROPOSES ANTI-GLOBALISATION FUND
Brussels, 1 March (AKI) - In a move the European Union hopes will soften the impact of globalisation on the region's economy, European Commission president Jose Manuel Barroso on Wednesday proposed a 500 million euros annual fund to provide re-training and new opportunities for workers who lose their jobs to outsourcing and changing world trade patterns. The Globalisation adjustment Fund will express the Union's solidarity towards those severely and personally affected by trade-adjustment redundancies," said Barroso. "The fund will help workers made redundant back to work because we want a competitive, but also a fair EU,'' he said. EU employment, social affairs and equal opportunities commissioner, Vladimir Spidla, added: "This Fund is about people. In a globalised economy, some workers in particular sectors regrettably lose their jobs."
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