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. 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 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