What is the European Globalisation Adjustment Fund for Displaced Workers?

In December 2006, the European Globalisation Adjustment Fund was set up to assist member states provide support to people losing their jobs as a result of major structural changes in world trade patterns due to globalisation or as a result of the global economic and financial crisis.

From 1st January 2021, the name of the fund has been changed to the European Globalisation Adjustment Fund for Displaced Workers and all reasons for restructuring are now eligible for support, including the economic effects of the coronavirus crisis and larger economic trends such as decarbonisation and automation.  Job losses arising from changing trade patterns or as a consequence of the financial and economic crisis for which workers can currently receive support, also continue to be eligible. 

Cases can continue to be approved in exceptional circumstances, where the redundancies will have a serious impact on employment and the local, regional or national economy, up to 15% of the maximum annual EGF budget of €210m.

More information on the EGF is available here

Ireland has had 10 successful applications for EGF support and more information on the programmes is included in EGF Programmes in Ireland