Mobilization of EGF for Volvo Trucks Workers in Sweden

Summary

This report concerns the mobilization of the European Globalisation Adjustment Fund (EGF) to support Swedish workers made redundant due to structural changes in the truck manufacturing industry.
10 21.04.2016
Other
trade
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • Mobilization of the EGF to assist Swedish workers following redundancies in the motor vehicle manufacturing sector.
  • The redundancies are driven by global competition and structural changes in trade patterns, notably from emerging Asian manufacturers.
  • The EU will provide a financial contribution of approximately 1.8 million euros, covering 60% of the total costs.
  • Support measures include vocational training, job search assistance, and incentives for entrepreneurship.
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