The European Commission has proposed to provide Spain with €1.3m from the European Globalisation Adjustment Fund (EGF) to help 500 redundant workers of the metal products sector in País Vasco (Spain) back into employment.
The funds requested by the Spanish authorities would help former workers from 423 small and medium sized enterprises. The proposal now goes to the European Parliament and to the EU's Council of Ministers for approval.
The Spanish application relates to 1 106 redundancies from 423 manufacturers of metal fabricated products which are located in País Vasco, in northern Spain. Of the total 1 106 redundant workers, 500 are targeted for assistance from the EGF to help them to find jobs as quickly as possible.
The package of measures will consist in particular in profiling, occupational guidance and guidance towards business creation or self-employment; various types of training and retraining; accompanying measures such as job-search assistance, as well as job-search allowance and other incentives.
The total estimated cost of the package is approximately €2 million, to which the EGF would provide €1.3 million.