Mobilization of EGF for Dutch Retail Workers

Summary

The European Parliament approves financial aid for retail workers in the Netherlands who lost their jobs due to structural changes like online shopping. This fund will support their reintegration into the labor market through training and job search assistance.
10 25.03.2017
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • Approval of financial assistance for retail workers in the Netherlands who lost their jobs due to structural economic shifts.
  • The aid is specifically targeted at workers affected by major changes in trade patterns, such as the rise of online shopping.
  • The European Union will contribute over 1.8 million euros to cover 60% of the total costs for support measures.
  • A high percentage of those affected by these redundancies are young workers under the age of 30.
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