EGF Mobilization for Estonia (Petroleum & Chemicals)

Summary

The report recommends mobilizing over €1.1 million from the EGF to support Estonian workers in the petroleum and chemical sectors following mass redundancies.
10 01.12.2016
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • Mobilization of the EGF to support Estonian workers affected by redundancies in the petroleum and chemical sectors.
  • The job losses are attributed to global market changes, including falling oil prices and increased competition from China.
  • The application meets the specific criteria for assistance under the EGF regulations regarding regional economic impact.
  • The proposed support measures are designed to be compatible with a shift toward a resource-efficient and sustainable economy.
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