More than 14,500 workers supported by #EuropeanGlobalizationAdjustment Fund in past two years

| September 17, 2019

The European Commission has published  a report on the activities and results of the European Globalization Adjustment Fund (EGF) in the years 2017 and 2018. The publication confirms the relevance of the fund over the reporting period: The European Parliament and the Council adopted 15 decisions to mobilize the EGF funding for a total amount of €45.5 million to support more than 14,500 beneficiaries.

Employment, Social Affairs, Skills and Labour Mobility Commissioner Marianne Thyssen said: “Over the years, the European Globalization Adjustment Fund has really demonstrated European solidarity, helping thousands of redundant workers to re- and upskill. For the time after 2020, the Fund will be revised so that it can intervene more effectively to support workers who have lost their jobs.”

Particularly concerned was the machinery/equipment sector, followed by retail trade and air transport. As regards the 23 EGF cases adopted between 2014 and 2016, the results showed that 60% of the workers who participated in the measures had found new jobs by the end of the implementation period. This is an increase by 13 pp compared to the previous reporting periods.

The EGF was set up in 2007 to support workers who lose their jobs as a result of globalization and changing trade patterns or a financial and economic crisis. It is an expression of European solidarity towards workers by helping them adapt their skills and finding new jobs. Since its launch, the EGF has received 161 applications. Some €635m has been requested to offer help to more than 151,000 workers and 4,429 young people not in employment, education or training (NEETs).

Most recently, the Commission adopted a proposal to specify that redundancies due to a no-deal Brexit are covered in the scope of the EGF. For the next long-term budget 2021-2027, the Commission proposed a number of revisions to the Fund, including an increased budget and lower eligibility threshold, so that it can intervene even more effectively to support workers who lost their jobs.


Facebook comments

Tags: , ,

Category: A Frontpage, EU, European Commission, European Globalization Adjustment Fund

Comments are closed.

Left Menu Icon