EU Commission unveils plans for retraining fund

The European Commission today presented plans for an annual €500m fund to help workers left unemployed in the EU by restructuring due to globalisation.

EU Commission unveils plans for retraining fund
Wed, 01 Mar, 2006 - 12:02

The 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.

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