The European Commission has proposed to provide Spain with €1,019,184 from the European Globalisation Adjustment Fund (EGF) to help 300 workers made redundant in the metal sector in the Comunidad Valenciana region to find new jobs.
The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.
Spain applied for support from the EGF following the dismissal of workers employed by 142 manufacturers of fabricated metal products in Comunidad Valenciana, as a result of the economic and financial crisis. The sector of fabricated metal products is a key provider of inputs to a wide range of manufacturing industries, in particular shipbuilding, construction and automotive sectors. All of these were significantly impacted across the European Union by the economic crisis.
The measures co-financed by the EGF would help the 300 workers facing the greatest difficulties in finding new jobs by providing them with
The total estimated cost of the package is €1.7 million, of which the EGF would provide 60%.