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The European Commission has proposed to provide Spain with €840,000 from the European Globalisation Adjustment Fund (EGF) to help 300 workers made redundant in the textile sector in Comunidad Valenciana (Spain) 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 560 workers in 198 small and medium sized textile enterprises in the region of the Comunidad Valenciana.
The dismissals were the result of increased competition from textiles manufactured elsewhere in the world, compounded by the economic crisis. China increasingly dominates the world textile market, while other Far Eastern countries continue to increase their production.
The measures co-financed by the EGF would help the 300 workers facing the greatest difficulties in finding new jobs by providing them with one-to-one counselling and guidance, skills assessment and outplacement, general training and re-training, individual vocational training, entrepreneurship promotion and support, outplacement incentives, job-search allowance and a contribution to commuting expenses.
The total estimated cost of the package is €1.68 million, of which the EGF would provide half.