Yesterday evening, the European Parliament reached a deal with the Council on the European Globalisation Adjustment Fund for the next seven years. Cindy Franssen MEP, EPP Group lead negotiator, stated:
“With the current Corona crisis and the imminent Brexit, the European Globalisation Fund is desperately needed as a social safety net for our employees. I am extremely satisfied with the agreement that includes the spearheads of Parliament: a lowered threshold to 200 redundancies and a broader scope for redundancies as a result of digitisation, climate transition and Brexit. The enhanced European Globalisation Fund will play an important role in the post-Corona era.”
The European Globalisation Fund has been in existence since 2007 and provides support to workers who lose their jobs as a result of structural changes due to globalisation. It does not pay any benefits, but can offer job search support, career advice, further training, retraining, coaching and entrepreneurship.
The EPP Group is the largest political group in the European Parliament with 187 Members from all EU Member States