EU Support for Ericsson Redundancies in Sweden

Summary

The European Parliament approves over 2 million euros in EU funding to help Swedish workers made redundant by Ericsson reintegrate into the labor market.
10 28.03.2018
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • The European Parliament has approved a financial contribution of over 2 million euros to support workers in Sweden.
  • The approved amount of 2,130,400 euros represents 60% of the total costs for the support package.
  • The assistance is triggered by major structural changes in global trade, specifically affecting the telecommunications hardware industry.
  • Support is targeted at 900 individuals, with a specific focus on workers over the age of 50 and those with disabilities.
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