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The European Commission has today proposed to provide Finland with €9.8m from the European Globalisation Adjustment Fund (EGF) to help 3,719 workers made redundant by Nokia plc and 31 of its subsidiaries, suppliers and downstream producers, back into employment.
The proposal now goes to the European Parliament and the EU's Council of Ministers for their approval.
Finland applied for support from the EGF for 4,509 dismissed workers: 2,544 workers made redundant by Nokia plc and 1,965 people made redundant by its subsidiary Nokia Siemens Networks and 30 other suppliers and subcontractors. Of the total redundant workers, 3,719 are expected to participate in the EGF co-funded measures.
The package will help the workers by offering them job-search counselling, career guidance, vocational and competence mapping, work-capacity evaluations, training and retraining, guidance towards entrepreneurship and services for new entrepreneurs, support for starting independent business operations, pay subsidies and mobility assistance.
The total estimated cost of the package is approximately €19.6 million, of which the EGF would provide half.