EU to provide over €30m to help redundant workers

GMT 20:36 2014 Tuesday ,11 November

Arab Today, arab today EU to provide over €30m to help redundant workers

Brussels - XINHUA

The European Commission on Tuesday proposed over 30 million euros (about 37.5 million U.S. dollars) from the European Globalization Adjustment Fund (EGF) to help redundant workers from Poland, Greece and France to find new jobs.
The Commission said in a statement it has proposed to provide 25.9 million euros to help 3,886 former workers of Air France to find new jobs, while 6.4 million euros and 1.2 million euros respectively to help workers in Greece and Poland who are made redundant by their former employer.
"Many sectors and industries in Europe are going through major structural changes, as a consequence of globalization," Marianne Thyssen, EU Commissioner for Employment, Social Affairs, Skills and Labor Mobility, commented in a statement.
"The European Globalization Fund is a concrete expression of European solidarity. It will continue to help Member States to re-integrate people who have lost their job into the labor market and support them to adapt their skills," said Thyssen.
The three proposals now go to the European Parliament and the EU's Council of Ministers for approval.
The European Globalization Adjustment Fund, with a maximum annual budget of 150 million euros for the period 2014-2020, provides support to people losing their jobs as a result of major structural changes in world trade patterns due to globalization, e.g. when a large company shuts down or production is moved outside the EU, or as a result of the global economic and financial crisis. (1 euro = 1.25 U.S. dollars)

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