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Commission proposes €7.4 million from Globalisation Fund for former workers of Vestas Group in Denmark

13/09/2012 Commission proposes €7.4 million from Globalisation Fund for former workers of Vestas Group in Denmark

The European Commission has today proposed to provide Denmark with €7.4m from the European Globalisation Adjustment Fund (EGF) to help 720 workers made redundant by the wind turbine manufacturer Vestas Group.

The money would help to finance a package of measures to help these workers to find new jobs. The proposal now goes to the European Parliament and the EU's Council of Ministers for their approval.

Denmark applied to the EGF to help 720 workers made redundant by Vestas Group, a Danish manufacturer of wind turbines. The EGF co-funded measures are due to be available to all the redundant workers in question. The package aims to help the workers by offering them mentoring and coaching, outplacement, horizontal training in general skills and individualised targeted training packages, help with business start-up, subsistence allowances and student grants.

The total estimated cost of the package is approximately €15 million, of which the EGF would provide almost half, i.e. €7.4 million.