The European Commission has proposed to mobilise €8.5 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to help 5,800 workers dismissed after the bankruptcy of Northvolt in Sweden. Founded in 2016, Northvolt faced major production challenges and global oversupply in the battery market. Its bankruptcy in March 2025 led to nearly 6,500 job losses. […]
EU aid worth €700,000 to support 632 dismissed workers in Belgium
632 employees of the machinery and paper enterprises Purmo and Sappi who lost their jobs should receive €700,000 in EU aid. On Thursday, the Committee on Budgets approved Belgium’s request for €704,135 in EU aid through the European Globalisation Adjustment Fund for Displaced Workers (EGF). The aid will support 632 former workers from machinery and paper enterprises […]
Green light for a more accessible Globalisation Fund
The European Commission has proposed to mobilise EUR 345,000 for technical assistance for the European Globalisation Adjustment Fund (EGF). This proposal has been endorsed by the European Parliament’s Committee on Budgets, which stressed that the fund should be used to support permanently redundant workers and the self-employed in the context of the global crisis caused […]