EU fund to support redundant Dutch workers

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Companies expected at least 500 redundancies within four months can apply for the European Globalisation Adjustment Fund.

The Hague – Dutch companies and sectors facing mass redundancies can now apply to the European Globalisation Adjustment Fund for support.

The money, which will come out of the annual budget for the European Union fund of EUR 500 million, will help employees who have been made redundant. Employees will undergo retraining or learn how to set up a business.

Social Affairs Minister Piet Hein Donner announced the scheme after consulting the European Union.

Companies expecting at least 500 redundancies within four months will be eligible to apply to the fund. For an entire sector, the time frame is nine months.

The measure is a temporary one, as the EU Globalisation Fund is actually intended for people who lose their jobs because their company has transferred production to a different company.

Radio Netherlands / Expatica

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