Vote on €856,800 in EU job-search aid for 250 former car parts workers in Spain
Plans to grant Spain €856,800 in EU aid to help find new jobs for 250 former workers at 29 firms that made motor vehicle parts in the Valencia region will be put to a vote on Wednesday. The European Globalisation Adjustment Fund (EGF) aid also needs to be approved by the Council of Ministers, planned for 12 December.
Most of these redundancies - 215 out of 250 – were due to the bankruptcy and closure of Bosal S.A., whose core business was making motor vehicle parts and accessories.
The reason for the closure was the EU automotive industry’s declining output and significant loss of market share over the past decade.
Background
The measures co-financed by the EGF aim to help the workers to find new jobs by providing them with active career guidance, job-search support, vocational training and training in transversal skills, plus promoting entrepreneurship and contributing to business start-ups.
The European Globalisation Adjustment Fund contributes to packages of tailor-made services to help redundant workers find new jobs. Its annual ceiling is €150 million.
Procedure: Budgetary
Vote: Wednesday, 14 December
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