EC Report on the Globalisation Adjustment Fund

EC Report on the Globalisation Adjustment Fund

The European Globalisation Adjustment Fund (EGF) provides funding for concrete measures to help dismissed workers improve their employability and find new job opportunities. According to a new report published by the European Commission, the EGF helped a total of 15,700 dismissed workers find new job opportunities in 2012. The EGF provided more than € 73.5 million to assist workers in 11 Member States, matched by another € 51.7 million from national resources.

 

Building on this experience, the Fund will also be operational during the 2014-2020 period. On 11 October 2013, the Council and the European Parliament agreed on the text for the new EGF Regulation, allowing Member States to apply for EGF co-funding under the new rules from January 2014 onwards.

 

The scope of the EGF has been expanded to:

– workers made redundant because of a continuation of the global financial and economic crisis or a new similar crisis, a criterion that had already been applied from May 2009 until the end of 2011;

– fixed-term workers and the self-employed;

– young people not in employment, education or training in regions of high youth unemployment.

 

 

Read more: http://europa.eu/rapid/press-release_IP-13-1076_en.htm?locale=en