|Author (Corporate)||European Commission|
|Series Details||COM (2019) 415|
|Content Type||Policy-making, Report|
Report presented on 16 September 2019 by the European Commission providing an overview of the EGF's activities and results in 2017 and 2018.
The European Globalisation Adjustment Fund (EGF) was set up in 2007 to support workers who lose their jobs as a result of globalisation and changing trade patterns. The fund was further adapted to support dismissals resulting from the global financial and economic crisis.
The main aim of the fund is to support redundant workers who experience hardship in difficult transitions, by helping them adapt their skills and finding new jobs. In regions of high youth unemployment, the EGF provides support for young people not in employment, education or training (NEETs).
During the period covered by this report, 13 applications were submitted by 10 Member States for a total of €41 million, targeting 12,896 workers and 1,155 young people not in employment, education or training. The largest numbers of workers were in the machinery/equipment sector followed by retail trade and air transport.
|Subject Categories||Employment and Social Affairs|
|Subject Tags||Labour Market|
|Keywords||European Globalisation Adjustment Fund [EGF]
|International Organisations||European Union [EU]|