€25 million aid for unemployed workers blocked due to EU budget disagreement

16.11.2012 - 13:01

Dispute over EU budget resulted in blocking almost €25 million in EU aid for over 5,000 redundant workers in seven EU countries. The European Globalization Adjustment Fund aid has not been approved yet by the Budgets Committee, since the Council has not agreed on Draft Amending Budget 6 for 2012. As a result, the need for a solution in talks on the 2012 budget shortfall and the 2013 budget is urgent.

The aid funds would go to Spain (€1.30 million for 500 unemployed workers in the metal products sector in País Vasco), Finland (€5.35 million for 1,000 workers in Nokia plc), Denmark (€1.37 million for 153 unemployed workers in the electronics sector), Italy (€2.66 million for 502 workers who lost their jobs at ten firms producing two-wheelers in the region of Emilia-Romagna), Romania (€2.94 million for 1416 to workers at Nokia and its suppliers), Sweden (€5.45 million for 1350 workers who lost their jobs at Saab Automobile SA, Saab Automobile Powertrain AB and 16 of its suppliers) and Austria (€5.20 million to 350 workers who lost their jobs in the mobile social services sector in the region Steiermark region).

The European Globalisation Adjustment Fund (EGF) aims to help workers find new jobs and develop new skills, in case they have lost their jobs due to major structural changes in world trade patterns and the global financial and economic crisis. It provides job-search assistance, careers advice, tailor-made training and re-training, mentoringand entrepreneurshippromotion.