European Globalisation Adjustment Fund: Tackling job losses due to changes in trade patterns

18-06-2013

Created in 2007, the European Globalisation Adjustment Fund (EGF) is the flexibility instrument in the EU budget for interventions in case of mass redundancies caused by major changes in global trade. It aims to help dismissed workers find new jobs through a package of tailor-made services. From May 2009 to December 2011, the EGF was also able to support workers who had lost their jobs as a result of the financial and economic crisis.

Created in 2007, the European Globalisation Adjustment Fund (EGF) is the flexibility instrument in the EU budget for interventions in case of mass redundancies caused by major changes in global trade. It aims to help dismissed workers find new jobs through a package of tailor-made services. From May 2009 to December 2011, the EGF was also able to support workers who had lost their jobs as a result of the financial and economic crisis.