Home » HR practices » Professional development » Legal developments » European legislation » Funds to help employees harmed by globalization Funds to help employees harmed by globalization The European Council of December 15 and 16, 2005, decided to set up a European adjustment fund for globalization, provided with 500 million euros. It will help employees who have lost their job due to a company's restructuring directly related to a negative impact of globalization. The regulation linked to the creation of this fund is under way. (Ref. 06118) Through . Published on 10 February 2006 Ă 16h59 - Update on 20 March 2013 Ă 19h50 Resources Last October 20, the president of the European Commission proposed to create a special fund to help employees adapt to the consequences of globalization. This idea was also meant to feed  discussions on the European Union’s financial prospects  over the period 2007-2013.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageCommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels