The European Globalisation Adjustment Fund for Displaced Workers
The European Globalisation Adjustment Fund for Displaced Workers (EGF) provides support in the event of unforeseen and unexpected developments that impact the business of companies (including globalisation, economic crisis, global pandemic), by helping the unemployed to find employment, engage in training or set up their own businesses.
EGF support can be sought from the European Commission in situations where over 200 workers are made redundant by a single company or in a single sector or if the redundancies in a small sector have a serious impact on employment and the economy.
The Ministry of Economic Affairs and Employment is responsible for administering EGF in Finland. The ministry prepares and sends the Finnish support applications to the European Commission. The provisions on EGF are laid down in a regulation of the European Parliament and the Council, which will be in force until 2027.
List of earlier applications by the Finnish Government for EGF support:
| Perlos | 2007 |
| Nokia (Salo) 1 | 2012 |
| Nokia 2 | 2013 |
| STX Rauma | 2014 |
| Broadcom | 2015 |
| Computer programming | 2015 |
| Microsoft 1 | 2016 |
| Nokia 3 | 2016 |
| Microsoft 2 | 2017 |
| Retail trade | 2017 |
| Finnair | 2020 |