Press Release: Commission proposes up to EUR500 million per year for a new European Globalisation adjustment Fund to support workers

The European Commission on 1 March 2006 presented a proposal for a new 'European Globalisation adjustment Fund' (EGF). This instrument was to 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.

• Primary Source

Committee of the Regions: Press Release, 13.10.06 http://www.cor.europa.eu/en/press/press_06_10121.html

European Commission: COM(2006) 91, Proposal for a Regulation of the European Parliament and of the Council establishing the European Globalisation adjustment Fund, 1.3.06 http://ec.europa.eu/comm/employment_social/news/2006/mar/com06091_final_en.pdf

European Commission: Memo: MEMO/06/99, European Globalisation Fund, 1.3.06 http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/06/99&format=HTML&aged=0&language=EN&guiLanguage=en

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