UK COAL SUBSIDY
June 1st, 2003
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the payment of GBPounds 10 million by the British government to UK Coal until March 2004 to provide social assistance to miners losing their jobs after the closure of its three-mine Selby Complex. The money will cover 30 per cent of redundancy costs, including regeneration and retraining redundant miners. This would extend pre-privatisation redundancy terms to workers, more generous than the statutory minimum.
THE EUROPEAN Commission has approved the payment of GBPounds 10 million by the British government to UK Coal until March 2004 to provide social assistance to miners losing their jobs after the closure of its three-mine Selby Complex. The money will cover 30 per cent of redundancy costs, including regeneration and retraining redundant miners. This would extend pre-privatisation redundancy terms to workers, more generous than the statutory minimum.
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