The European Globalisation Adjustment Fund for Displaced Workers (EGF) is a special EU instrument to express EU solidarity with European workers or self-employed people who lost their jobs due to restructuring, and to help them find new jobs.
The European Globalisation Adjustment Fund for Displaced Workers (EGF) contributes to the creation of a more dynamic and competitive European economy by improving the skills and employability of people who have been made redundant, in order to help them find a better job.
As a general rule, the Globalisation Adjustment Fund for Displaced Workers (EGF) can be activated when a single company (including its suppliers and downstream producers) lays off more than 200 workers. It can also be requested by SMEs in various sectors in the same region or in a particular sector in one or more neighbouring regions.
The fund has an annual budget of €210 million for 2021-2027. It can fund from 60% to 85% of the cost of projects designed to help workers made redundant find another job or set up their own business.
National or regional authorities implement and manage EGF cases. Each project runs for two years.
More information about the Fondo Europeo de Adaptación a la Globalización para Trabajadores Despedidos (FEAG):