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EU Globalisation Fund pays €15.3 million to help 2 194 redundant workers in Austria and the Netherlands

08/11/2011 A worker welding

The European Commission has made payments to Austria and the Netherlands from the European Globalisation adjustment Fund (EGF).

The total amount of €15.3 million will help 2 194 dismissed workers back into employment, following their redundancies in three sectors: manufacturing of electronic equipment and of basic metals, as well as the printing industry.

€9.5 million will help 430 dismissed workers in Austria, of whom 356 are from 54 basic metal manufacturers located in the regions of Steiermark and Niederösterreich, and 74 are former workers of Austria Technologie & Systemtechnik Aktiengesellschaft (AT & S), a leading printed circuit board (PCB) manufacturer. The redundancies resulted from the impact of the financial and economic crisis on the basic metal sector and from the relocation of Austrian PCB production to Shanghai.

€5.8 million will help 1 764 dismissed workers from 101 Dutch enterprises in the printing sector. The dismissals are a consequence of the financial and economic crisis which resulted in a substantial decrease in demand for various types of printed media material such as newspapers, professional magazines, etc.

These payments follow approval by the Budgetary Authority - the European Parliament and the Council - on 27 September 2011.