Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-12-13-Speech-3-224"

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"en.20061213.27.3-224"2
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". With a maximum sum of EUR 500 million granted to it each year, this European Fund is intended to soften the blow of globalisation for employees affected by restructuring. This is not a new form of aid for businesses, but extra assistance aimed at helping to find new jobs for employees who have been made redundant following changes in world trade. The fund will be introduced on three conditions: there have been at least 1 000 redundancies; they have had a serious impact on employment and the local economy; and they are linked to a disruption in world trade. The fund can therefore only be used in the event of ‘major changes in the structure of world trade leading to a serious economic disruption’, such as a huge rise in imports, a gradual decline in the EU’s market share in a sector, or a company relocating to a third country. I welcome the adoption of the Globalisation Adjustment Fund, which will enable Europeans to gain a response to their worries concerning the negative effects of globalisation and will help establish more economic and social cohesion within the European Union."@en1

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