EU: the Commission proposes to revise the European Globalization adjustment Fund to make it more efficient against the crisis

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16 December 2008 à 16h59

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Publication: 16 December 2008 à 16h59

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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)
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16 December 2008 à 16h59

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Publication: 16 December 2008 à 16h59

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“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.

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