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European Globalization Adjustment Fund (EGF)

Commission proposes more than €410,000 from the European Globalisation Adjustment Fund to support dismissed car industry workers in Finland

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The European Commission has proposed to mobilise €410,310 from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to support 235 workers dismissed by Valmet Automotive in Finland. 

Valmet Automotive is a contract manufacturer for the car industry, dependent on fixed-term contracts with major car makers. Its factory was left without new orders after a major contract ended in 2025, amid a broader downturn in the global automotive sector. In November 2025, the company announced the dismissal of 235 workers and the temporary lay-off of an additional 860 employees.

Since 2007, the EGF has intervened in 192 cases, allocating €737 million to offer support to more than 185,000 people in 20 member states. This funding complements national active labour market measures.

More information is available in the press release.

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