Tag: Finland

Reward for failure?

businessman-hands-euro-banknotes-money-bag-28941305The EU plans to contribute €6.3m to a support package for 611 Danish workers laid off by wind turbine giant Vestas because they were victims of Chinese competition.

The European Commission set up its little-known European Globalisation Adjustment Fund back in 2007 to help European workers who loses their jobs due to ‘changing global trade patterns’. (continue reading…)


Hi-tech brain drain or opportunity?

Should western workers fear China’s rise as a hi-tech nation? The question is topical as Alcatel-Lucent, the struggling French telecoms manufacturer, has  just announced 10,000 job cuts, the latest round of losses in an industry that has seen the rapid rise of Chinese competitors. (continue reading…)

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