The European Commission has proposed to provide Italy with €3 million from the European Globalisation Adjustment Fund (EGF) to help 1,146 former workers of TV manufacturer VDC Technologies SpA and its subsidiary Cervino Technologies Srl to find new jobs.
The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.
Italy applied for support from the EGF following the dismissal of 1,218 workers in VDC Technologies and 54 in Cervino Technologies. The dismissals were the result of increased competition from telecommunications and sound-recording and reproducing equipment manufacturers elsewhere in the world.
The measures co-financed by the EGF would help the 1,146 workers facing the greatest difficulties in finding new jobs by providing them with:
The total estimated cost of the package is €6.02 million, of which the EGF would provide half.