European Commission - PRESS RELEASES - Press release - European Globalisation Adjustment Fund - frequently asked questions
What are the objectives of the European Globalisation Fund (EGF)?
The EGF, an initiative proposed by the European Commission, was established by the European Parliament and the EU's Council of Ministers at the end of 2006 to show solidarity with, and provide support to, workers made redundant as a consequence of major changes in world trade patterns.
It was designed as a means to reconcile the overall long-term benefits of open trade in terms of growth and employment with possible short-term adverse effects, particularly on the employment of the most vulnerable and lowest skilled workers. The measures typically supported by the EGF include intensive personalised job-search assistance, a variety of training and up-skilling actions, entrepreneurship promotion as well as various financial incentives/allowances during the support period.(...)
The EGF, an initiative proposed by the European Commission, was established by the European Parliament and the EU's Council of Ministers at the end of 2006 to show solidarity with, and provide support to, workers made redundant as a consequence of major changes in world trade patterns.
It was designed as a means to reconcile the overall long-term benefits of open trade in terms of growth and employment with possible short-term adverse effects, particularly on the employment of the most vulnerable and lowest skilled workers. The measures typically supported by the EGF include intensive personalised job-search assistance, a variety of training and up-skilling actions, entrepreneurship promotion as well as various financial incentives/allowances during the support period.(...)
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