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MEP Vedrenne welcomes the revised European Globalisation Adjustment Fund for displaced workers

Vedrenne EP
European Union 2020 - Source : EP

On Wednesday, the European Parliament approved the revised European Globalisation Adjustment Fund for displaced workers (EGF), which will make it easier for citizens who have lost their jobs to get help in finding a new job or setting up their own business.

Our French MEP Marie-Pierre Vedrenne (MoDem) welcomed the adoption of the revised European Globalisation Adjustment Fund for displaced workers (EGF) by the European Parliament on Wednesday. This will make it easier for citizens who have lost their jobs to get help in finding a new job or setting up their own business. The report “sends a clear message of European solidarity to all displaced workers, especially in these very difficult times. We have sought to deliver the added value that citizens expect from the EU with a new EGF fit for responding to all the crises and the transitions’ consequences,” said MEP Vedrenne.

The EGF was established in 2006 and is a concrete expression of European solidarity. The programme is part of the Multiannual Financial Framework stretching from 2021 until 2027 and will get a budgetary boost from 170 million euros per year to an annual average of 186 million euros.

The Fund has been redesigned and renamed as the European Globalisation Adjustment Fund for displaced workers. This may seem cosmetic, but it is essential to place the emphasis on support for displaced workers which is the sole purpose of the Fund and to show that Europe is at the forefront of standing by those who are the collateral victims of crises and the twin transitions.

Currently, the fund is only available for workers made redundant due to causes linked to globalisation or global financial and economic crises. However, the new rules are including workers who lost their jobs due to any unexpected major restructuring events. It also lowers the threshold to mobilise the fund, from 500 displaced workers in a company or sector to 200.

The European Globalisation Fund for displaced workers is now maturing and truly becoming an instrument of European solidarity for workers who have lost their jobs. It is a key instrument of a strong social Europe based on solidarity that already exists but that needs to be more reactive and more visible. Brexit, COVID-19, the automation of production chains, the greening of our economies and so on, are not without impact on the labour market and on the workforce. With this revision of the EGF, we are showing that Europe is up to the challenge and will stand by the workers who are hardest hit.”, MEP Vedrenne said.