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The European Globalisation Adjustment Funds’ efficiency confirmed

A report from the European Commission confirms the relevance of the European Globalisation Adjustment Fund between 2017 and 2018, as it supported over 14.500 workers in Europe.

The European Commission’s report on the activities and results of the European Globalisation Adjustment Fund (EGF) in the years 2017 and 2018 confirms the relevance of the fund over the reporting period: The European Parliament and the Council adopted 15 decisions to mobilise the EGF funding for a total amount of €45.5 million to support more than 14,500 beneficiaries.

Particularly concerned was the machinery and equipment sector, followed by retail trade and air transport. As regards the 23 EGF cases adopted between 2014 and 2016, the results showed that 60% of the workers who participated in the measures had found new jobs by the end of the implementation period. This is an increase by 13 percentage points, compared to the previous reporting periods.

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