The European Commission has proposed today to provide Spain with €1.6m from the European Globalisation adjustment Fund (EGF) to help 1,138 redundant construction workers back into employment.
The proposal now goes to the European Parliament and the EU's Council of Ministers for their approval.
The Spanish application relates to 1,138 redundancies in 513 small and medium sized enterprises operating in the construction of buildings sector in the region of Comunidad Valenciana.
The dismissals were a consequence of the financial and economic crisis, which resulted in a substantial fall in demand for new houses and house renovation in this region, where the construction sector is an important employer.
All 1,138 redundant workers are targeted for assistance from the EGF. The package will help the workers by providing them with one-to-one counselling and guidance; skills assessment and outplacement; coaching; general training and re-training; individual vocational training; entrepreneurship promotion and support; participation incentive and a contribution to commuting expenses.
The total estimated cost of the package is €2.5 million, of which the European Union has been asked to provide EGF assistance of €1.6 million.