European Globalisation Adjustment Fund: €3.7 million to support almost 300 dismissed Airbus workers in France
Today, the European Commission has proposed that 297 dismissed Airbus workers in France, who lost their jobs due to the pandemic, will be supported with €3.7 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF). The funding will help them find new jobs through advice on how to start their own business and start-up grants.
Commissioner for Jobs and Social Rights, Nicolas Schmit, said: “Especially in times of crisis, EU solidarity is crucial. Through the European Globalisation Adjustment Fund, we will empower 297 people in the aeronautic sector in France who lost their jobs due to the COVID-19 pandemic to relaunch their careers with targeted advice on business creation and grants to help them set-up their own company.”
The COVID-19 pandemic and related travel restrictions hit the aeronautic sector hard and the related economic crisis reduced the purchasing power of many air transport customers. Plans to buy new aircraft were put on hold or cancelled, and many aircraft were retired prematurely as part of airlines’ restructuring plans.
In France, despite the wide use of short-time work schemes, Airbus had to implement a restructuring plan and many workers lost their jobs. Thanks to the EGF, 297 former Airbus workers will receive targeted active labour market support to help them start their own business and return to work.
The €3.7 million from the EGF will help finance training for business creation and start-up grants of up to €15,000 per participant. Participants will also receive a contribution towards their accommodation, food and transportation costs related to participating in the training. In addition, former workers taking up a new job may be eligible for a top-up of their salaries, if they are lower than in their previous job.
The total estimated cost of the support measures is €4.4 million, of which the EGF will cover 85% (€3.7 million). Airbus will provide the remaining amount (€0.7 million). The EGF support is part of the overall support package offered by Airbus to the dismissed employees. However, the EGF support goes beyond what Airbus as the dismissing company is legally obliged to provide.
The Commission’s proposal requires approval by the European Parliament and the Council.