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How it works
- a Member State is made aware of large-scale redundancies caused by major restructuring event, and
- after the employer and the worker representatives have agreed on their social plan,
a plan to help the workers affected is designed under the auspices of the EGF Contact Persons of that Member State.
2. The plan may be submitted as an application to the European Union for part-funding through the EGF.
3. The European Commission assesses the project and proposes it to the EU's Budgetary Authority (the Council and the European Parliament) for approval.
4. If approved, the Member State may receive from 60% up to 85% of the cost of its action plan.