Globalisation fund: Parliament backs aid to Germany and Lithuania

Published: 9 March 2010 y., Tuesday

Eurai
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.

The plans were adopted by the Council in Ministers on Monday. The Commission will transfer the funding to Germany and Lithuania within 15 days of the plenary vote. The Member States then have twelve months to use the money. 

Germany: help for former Karmann workers

Between December 2008 and March 2009 2,476 workers lost their jobs at the Karmann car manufacturing group (Wilhelm Karman GmbH and Karmann-Rheine GmbH & Co.KG). Of these, 1,793 will be eligible for help from the European Globalisation Adjustment Fund (EGF). The total cost of this help is estimated at €9,537,449, of which EU aid will cover €6,199,341.

Lithuania: former construction workers and Snaigė employees

A total of 1,612 people lost their jobs at 128 building firms in Lithuania between October 2008 and July 2009. Of these, 806 will be eligible for EU help.    The total cost is expected to be €1,721,374, of which the globalisation adjustment fund will cover €1,118,893.

A total of 651 people lost their jobs at refrigerator manufacturer AB Snaigė and two of its suppliers, UAB Jugos kabeliai and UAB Hoda between December 2008 and May 2009. Of these, 480 will be eligible for help. These measures are expected to cost €397,175, of which Lithuania has applied for €258,163 from the EU fund.

To finance the EGF support, money will be transferred from the European Social Fund's budget. Transferring money from other budget lines is the normal way of funding payments through the European Globalisation Adjustment Fund.

The three applications are the first to be dealt with in 2010. Parliament's reports on the plans, drafted by Reimer Böge (EPP, DE), were adopted with very large majorities.

Šaltinis: europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Standard & Poor’s: Lithuanian Government Is Taking Sufficient Measures

Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances. more »

Azerbaijan: MCCF signs first project

The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan. more »

Obama: Nafta should expand trade

U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism. more »

EBRD loan to cut pollution in eastern Siberia

A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies. more »

Review of national aid schemes introduced during the financial crisis

The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis. more »

Tonga ferry sinks: dozens missing

Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing. more »

Finding comfort in catering

Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living. more »

Commission authorises German temporary reduced‑interest loans scheme for green products

The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis. more »

Former AB LEO LT financial director to start working at Danske Bankas

Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas. more »

EBRD sets fast pace with syndications despite challenging market conditions

The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion. more »