” “"The Fund for adaptation to globalisation will express the EU solidarity with those who are badly and personally affected by dismissals caused by commercial adjustments". Today, José Manuel Durao Barroso, President of the EU Commission, presented in Brussels, assisted by the Employment Commissioner Vladimir pidla, the new "European Fund for adaptation to globalisation" (Feg). According to the Head of the Executive Committee, the Fund (up to 500 million euros a year) "will help dismissed workers find a new job, because we want the EU to be fair as well as competitive". The measure could concern 50 thousand workers a year. The FEG should be used to "support customised services, for a specific period of time, for instance to help people affected by globalisation through wage allowances, re-qualification services or concrete assistance to find a new job". pidla specified: "This Fund is targeted to people. Unfortunately, in a global economy, some workers in some lines of business can lose their jobs. Since the European Union passes resolutions about foreign trade, it’s obvious that, through the new Fund for adaptation to globalisation, it should take responsibility for reassuring those workers who have lost their jobs because of the new trade flows that, in such an ever-changing economic scenario, they will not be forgotten or neglected".” “
