EGF Mobilization for Portugal's Apparel Sector

Summary

The European Parliament approves financial aid for Portuguese workers made redundant in the clothing industry due to global trade changes. This fund aims to support their reintegration into the labor market through training and entrepreneurship programs.
10 16.11.2018
Other
economy
social policy
public finance and budget policy
employment and working conditions

Key points

  • The European Parliament has approved the mobilization of funds to support workers in Portugal's clothing industry.
  • The application meets the specific criteria required for financial assistance due to major structural changes in trade.
  • A total of approximately 4.66 million euros will be provided, covering 60% of the total costs for the support measures.
  • The assistance focuses on vulnerable groups, including a high percentage of women and young people not in education or employment.
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