The European Globalisation Adjustment Fund, together with Airbus will provide €4.4 million to almost 300 French dismissed workers. Due to the bad hit to the aeronautic sector caused by the pandemic, hundreds of workers found themselves unemployed in 2020. The European Commission proposed to allocate €3.7 million from the EGF to support French former Airbus employees to relaunch their careers.
The European Commission has proposed to finance training for business creation and disburse start-up grants of up to €15,000 per participant to help dismissed Airbus workers relaunch their careers and set up their own companies. Due to the COVID-19 pandemic and related travel restrictions, Airbus’ commercial aircraft production plunged by one third. Back then, Airbus was foreseeing a cut of 4,248 jobs in France, when the French government introduced legislative measures to support the companies and prevent high unemployment rates.
The EGF can be used when more than 200 are dismissed, due to some restructuring events, such as changes in world trade patterns or trade disputes, financial or economic crises, the transition to a low-carbon economy and digitisation or automation. Since 2007, the EGF has disbursed some €652 million for 164,000 people in 20 Member States.