11957E125

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Article 125

1 . On application by a Member State the Fund shall , within the framework of the rules provided for in Article 127 , meet 50 % of the expenditure incurred after the entry into force of this Treaty by that State or by a body governed by public law for the purposes of :

( a ) ensuring productive re-employment of workers by means of :

- vocational retraining ;

- resettlement allowances ;

( b ) granting aid for the benefit of workers whose employment is reduced or temporarily suspended , in whole or in part , as a result of the conversion of an undertaking to other production , in order that they may retain the same wage level pending their full re-employment .

2 . Assistance granted by the Fund towards the cost of vocational retraining shall be granted only if the unemployed workers could not be found employment except in a new occupation and only if they have been in productive employment for at least six months in the occupation for which they have been retrained .

Assistance towards resettlement allowances shall be granted only if the unemployed workers have been caused to change their home within the Community and have been in productive employment for at least six months in their new place of residence .

Assistance for workers in the case of the conversion of an undertaking shall be granted only if :

( a ) the workers concerned have again been fully employed in that undertaking for at least six months ;

( b ) the Government concerned has submitted a plan beforehand , drawn up by the undertaking in question , for that particular conversion and for financing it ;

( c ) the Commission has given its prior approval to the conversion plan .