Over 21000 workers were helped by the European Globalisation Adjustment Fund (EGF) in 2011
The 2011 annual report of the European Globalisation Adjustment Fund (EGF) showed that the fund paid out a total of €128 million in 2011 to assist these workers in twelve Member States: Austria, Belgium, Czech Republic, Denmark, France, Germany, Greece, Ireland, Italy, The Netherlands, Poland and Portugal. The support was granted to co-finance active labour market policy measures proposed.
The fifth annual report on the activities and results of the European Globalisation Adjustment Fund (EGF) shows that in 2011 a 50% increase in 2011 of EGF contributions paid out to Member States compared to 2010. In particular, the EU's Globalisation Fund paid out a total of €128 million in 2011 to assist these workers in twelve Member States (Austria, Belgium, Czech Republic, Denmark, France, Germany, Greece, Ireland, Italy, The Netherlands, Poland and Portugal). For example, last June, €1.6 million to help workers in the region of Comunidad Valenciana and €1.3 million were proposed to help workers in Aragon through the fund.
Overall, in 2011, European Globalisation Adjustment Fund (EGF) helped more than 21,000 workers to find new job opportunities. The workers were dismissed due to the economic crisis and the effects of globalisation. László Andor, EU Commissioner responsible for Employment, Social Affairs and Inclusion highlighted that since its launch in 2007, a total of some 91,000 redundant workers have already benefited from or are about to receive EGF assistance for training, job search and other forms of support. The EGF will continue to play a crucial role in fighting unemployment.
The report also describes the outcome of four EGF contributions granted in previous years to three Member States (Belgium, Sweden and Ireland) in terms of how EGF support helped the redundant workers find new jobs. According to the European Commission, the results are encouraging as 2,352 workers (45% of the total 5,228 receiving support from the EGF) who had been laid off by employers in the car, textile and computer industries had found new jobs or had become self-employed by the end of the EGF support period (mid-2011). The good results in terms of re-integration into employment suggest that a longer support period and higher EU co-financing (as a result of the amendment of the EGF Regulation in 2009) is beneficial for both the workers and the local and regional labour markets.