EGF Mobilization for Nokia Network Systems in Finland

Summary

This report concerns the mobilization of the European Globalisation Adjustment Fund to support 945 workers made redundant at Nokia Network Systems and its suppliers in Finland.
10 03.06.2017
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • Mobilization of EU funds to support workers affected by major structural changes in world trade patterns.
  • Financial aid is targeted at 945 redundant employees in Finland's technology sector following mass layoffs.
  • The European Union will provide €2,641,800, which covers 60% of the total estimated costs for the support program.
  • The support package includes coaching, vocational training, start-up grants, and assistance with relocation expenses.
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