06 February 2015
Fitzgerald welcomes €2.5m EU funding for former Lufthansa workers in Rathcoole
“The decision by the European Commission to approve €2.5m in funding from the European Globalisation Fund (EGF) to the former Lufthansa workers is a correct and timely intervention.
“This funding will provide valuable opportunities for these workers to retrain and upskill, making a real difference to their prospects and employability.
“The Government applied for support from the EGF following the dismissal of these workers from Lufhansa and two of its suppliers last year.
“This funding, if given final EU approval, will be co-financed by the Irish government, giving a total of €4.1m in the package for workers. The proposal must now go to the European Parliament and the EU Council of Ministers, where I am confident final approval will be granted.
“If the funding is approved, I will work closely with my Government colleagues to ensure that the best possible opportunities are identified to equip these workers for future employment opportunities".
Background: The European Globalisation Adjustment Fund (EGF) was set up by the EU in late 2006 to help workers find new jobs and develop new skills when they have lost their jobs as a result of:
• changing global trade patterns, e.g. when a large company shuts down or a factory is moved to outside the EU or the global financial and economic crisis
The Fund was established to provide additional support for workers and to assist them with their reintegration into the labour market. The fund’s annual ceiling is €500 million.