The European Commission adopted, yesterday December 16, a proposal to revise the European Globalization adjustment Fund (EGF) to adapt it to the economic crisis. The proposed amendments will "make the EGF a more effective crisis response instrument, helping more people to find their way back into the labor market" mainly through more flexible intervention criteria. (Ref. 081022)
“The Globalization Fund has already helped more than 15,000 redundant workers in the 2 years since it has been launched. Our objective now is to strengthen its role as an early intervention instrument as part of Europe’s response to the financial and economic crisis. We want to ensure the EGF can be used when people lose their jobs as a result of the crisis, and we want to help more redundant workers to find new jobs as quickly as possible,” said Vladimír Špidla, Commissioner for Employment, So
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