The European Commission has announced the adoption, on March 1st, of the regulation creating a European Globalization Fund (see. Réf. 06118). We reveal the principal points of this text which should come into effect on January 1st , 2007. (Réf. 06146)
This fund will be called “European Globalization Fund” (EGF), and will be provided with 500 million euros each year, in accordance with the decision taken by the European Council of December 16 and 17, 2005. It should be noted that the commission on “employment and social affairs” of the European Parliament, by adopting the report of Jean-Louis Cottigny (v. Réf. 06145) on the European Commission’s communication on restructurings and employment, of March 2005, suggests that companies should also
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