somes

EGF Mobilization for Ericsson Workers in Sweden

Summary

The European Parliament approves financial support for Swedish workers made redundant due to Ericsson's restructuring. This funding aims to help them reintegrate into the labor market through training and coaching.
10 20.10.2016
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • Approval of financial assistance to help Swedish workers reintegrate into the labor market following mass redundancies at Ericsson.
  • The redundancies are driven by structural changes in global trade, specifically increased competition from Asian manufacturers in the telecommunications hardware sector.
  • A total of approximately 3.96 million euros will be provided from the European Globalisation Adjustment Fund, representing 60% of the total estimated costs.
  • Support measures include career counseling, education and training, job search allowances, and supported employment.
Documents (PDFs)
REPORT on the proposal for a decision of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund (application from Sweden – EGF/2016/002 SE/Ericsson) Mobilisation of the European Globalisation Adjustment Fund: application EGF/2016/002 SE/Ericsson
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.