European Globalisation Adjustment Fund
The European Globalisation Adjustment Fund (EGF) helps people that have lost their jobs as a result of changes in world trade patterns or as a result of the global economic and financial crisis to find work, receive training or to set up their own business.
EGF support can be sought from the European Commission in situations where over 500 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. Regional ELY Centres and TE Offices are responsible for implementing the measures laid out in the applications. The provisions on EGF are laid down in a regulation of the European Parliament and the Council, which will be in force until 2020.
Erja Nikula, erja.nikula(at)tem.fi