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Nearly 30,000 supported by European globalization fund

Xinhua, July 22, 2015 Adjust font size:

The European Commission here Wednesday announced the European Globalization Adjustment Fund (EGF) helped a total of 27,610 workers, dismissed due to the economic crisis and the effects of globalization, to find new job opportunities from 2013 to 2014.

During that timeframe, the EGF provided more than 114.4 million euros (124.5 million U.S. dollars) to assist workers in 13 member states including Greece, Ireland, Italy and Spain. The EGF funding was matched by another 94.1 million euros from national resources.

According to an EGF report, about 7,656 out of 15,245 workers who participated in the EGF measures found new jobs or became self-employed. An additional 667 people were at that time in education or training to increase their future employability.

Since the EGF started operations in 2007, 550 million euros had been used to help 128,331 workers. Endit