The European Commission allocates the “European Globalization Adjustment Relief Fund” to assist the Italian textile industry

The European Commission has recently approved four textile industry relief applications submitted by Italy. The European Commission hopes to allocate 35 million euros ($50.27 million) from the European Globalization Adjustment Relief Fund (EGF). , to assist approximately 6,000 unemployed workers in the Italian textile industry to obtain re-employment opportunities.
​
The European Commission has submitted the relief application to the EU Council of Ministers and the European Parliament for approval to help laid off workers in small businesses mainly in Sardinia, Piedmont, Lombardy and Tuscany, Italy. .
​
Competition from overseas has caused the closure of a large number of Italian textile and garment companies. This fund will be used to assist these unemployed workers in obtaining re-skilled training and job relocation.
​
EGF financial aid targets: 1,044 workers laid off by 5 textile companies in Sardinia, 1,537 workers laid off by 202 companies in Piedmont, 1,816 workers laid off by 190 companies in Lombardy, Tosca 1,558 workers were laid off from 461 companies in Nigeria.
​
Vladimír Spidla, the EU Executive Commissioner for Employment and Social Affairs, said that globalized trade and production bring most growth and employment opportunities, but it can also have negative impacts. We are very happy to see that Italy can benefit from EGF.
​
EGF mainly provides financial assistance for more than 1,000 unemployed workers in a certain enterprise or a certain region due to major changes in the industrial structure of global trade, resulting in a surge in imports or a sudden drop in the EU market share.
​
The EGF was established by the European Commission, the European Parliament, and the Council of Ministers of the European Union at the end of 2006. In early 2005, the President of the European Commission, José Manuel Barroso, proposed the idea of ​​creating a project fund to assist unemployed workers who were laid off due to the surge in imports. Get new job opportunities.
​
So far, the European Commission has received 12 similar relief applications, paying a total of 67.6 million euros in relief to 16,111 unemployed workers. Including the Italian application that has been approved by the European Commission, there are 12 relief applications submitted to the EU Council of Ministers and the European Parliament, 6 of which are related to the textile industry.