Support measures for employees who were made redundant introduced to EU Commission in Rauma

Ministry of Economic Affairs and Employment 2.2.2016 9.00
Press release
Support measures for employees that were made redundant at STX Finland will be introduced to the European Commission in Rauma on 2 and 3 February 2016. The Commission has granted a total of ?1.4 million for re-employment, training and services at TE Offices (Employment and Economic Development Offices) for the 600 people that were made redundant. In addition, Finland has provided ?950 000.

"EU funding has had a significant impact on managing employment in the Rauma region. Together with national measures, it has made it possible for those people who lost their jobs to develop their competences and find employment again. TE administration, the City of Rauma and the third sector have acted in good cooperation, which has contributed to organising a versatile high-quality service," says Minister of Justice and Employment Jari Lindström.

Isabelle Prondzynski, Head of Section EGF in the Commission, and Bistra Valchanova, one of the responsible officials of the fund, will visit Helsinki and Rauma.

Good results from education and training

The project, funded by the European Globalisation Adjustment Fund (EGF), will end in spring 2016. With help of EGF funding, dozens of people who were made redundant at STX Finland have re-educated themselves or completed further education and training for example in the field of mechanical and metal industries as well as social welfare and health care, or sought entrepreneurship training.

By 2016, about two thirds of the target group have found new employment or are currently in training. The project has been targeted at people who were made redundant in 2013 and 2014.

Several ongoing EGF projects in Finland

In addition to the STX Finland project, other EGF projects are also currently implemented in Finland due to the extensive redundancies made at Broadcom, in the software industry and at Microsoft in the past few years.

The EU's share in funding EGF support is 60 per cent and the national share is 40 per cent. In cases of major structural changes, support is granted from the fund for active employment policy measures, such as different forms of training, education, promotion of mobility, pay subsidies and start-up grants. Further information about the fund is available at www.egr.fi
    
Further Information:
Antto Korhonen, Senior Adviser, Ministry of Employment and the Economy, tel. +358 29 504 7034