Summary
This regulation establishes the European Globalisation Adjustment Fund (EGF) to help workers displaced by major structural changes like globalisation and technological shifts. It provides financial assistance for retraining and reintegration into sustainable employment. 10 03.05.2021
Other
economy
social policy
european union
public finance and budget policy
employment and working conditions
Key points
- The fund is designed to help workers affected by major economic shifts, including globalisation and the digital revolution.
- Financial support is used for personalised services like retraining, job-search assistance, and entrepreneurship support.
- To qualify for aid, a specific number of job losses must occur within a set timeframe in a particular region or sector.
- The fund places a strong emphasis on gender equality and supporting disadvantaged groups.
Documents (PDFs)
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council on the European Globalisation Adjustment Fund for Displaced Workers (EGF) and repealing Regulation (EU) No 1309/2013
REPORT on the proposal for a regulation of the European Parliament and of the Council on the European Globalisation Adjustment Fund (EGF)
European Globalisation Adjustment Fund for Displaced Workers (EGF) 2021-2027 ***II
European Globalisation Adjustment Fund (EGF) ***I
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