European Globalisation Fund in Germany

The European Globalisation Adjustment Fund for Displaced Workers (EGF) supports employees and self-employed persons who have lost their jobs in their reintegration into the labour market.

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On April 24, 2024, following approval from the European Commission and the Council of the European Union, the European Parliament approved the German application for support for dismissed employees of Vallourec Deutschland GmbH from the European Globalization Adjustment Fund for displaced workers (EGF).

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The European Commission decided on February 29, 2024, to support 835 former employees of Vallourec Deutschland GmbH (VAD) with the European Globalisation Adjustment Fund (EGF) to facilitate their reintegration into the workforce.

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The EGF can now also help fund incentives and can finance extensive support for starting businesses. An accelerated procedure is to make funds available to those affected more quickly.

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