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€4.3m from European Globalisation Fund set to help 778 former car workers in Germany

20/07/2011 €4.3m from European Globalisation Fund set to help 778 former car workers in Germany

The European Commission today approved an application from Germany for assistance from the EU Globalisation Adjustment Fund (EGF).

The € 4.3 million requested by the German authorities will help 778 redundant workers from five car parts suppliers back into employment. The workers lost their jobs in the car sector after the demand for new motor vehicles in the EU decreased with the onset of the economic slowdown.

The application will now be put before the European Parliament and the Council of the European Union for a decision.

The package of EGF assistance for the 778 former workers in the car industry will help them back into employment by offering: training courses leading to qualifications, international and national labour market guidance, in-depth guidance for business start-up, workshops and peer groups, placement search, counselling and support in a new job and during unemployment, activation supplement and job search allowance.

The total estimated cost of the package is € 6.7 million, of which the European Union has been asked to provide EGF assistance of € 4.3 million.