European
Globalisation Adjustment Fund for Displaced Workers (EGF)
REGULATION
(EU) 2021/691 establishes the European Globalisation Adjustment Fund for
Displaced Workers (EGF) for the period of the MFF 2021 to 2027.
The
EGF supports socio-economic transformations that are the result of
globalisation and technological and environmental changes by helping displaced
workers and self-employed workers whose activities have ceased to adapt to
structural changes. The EGF’s role continues to be important as a flexible
instrument to support workers who lose their jobs to help them to find other
jobs as quickly as possible.
The
Union provides specific, one-off support to facilitate the reintegration into
decent and sustainable employment of displaced workers in areas, sectors,
territories or labour markets suffering a shock of serious economic disruption.
The
EGF shall contribute to the implementation of the principles set out in the
European Pillar of Social Rights and shall enhance social and economic cohesion
among regions and Member States. The objectives of the EGF are to demonstrate
solidarity and to promote decent and sustainable employment in the Union.
Particular emphasis will be placed on measures that help the most disadvantaged
groups.
A
financial contribution from the EGF may be made for active labour market policy
measures that form part of a coordinated package.
The
coordinated package may include:
(a)
tailor-made training and retraining, including with regard to information and
communication technology and other skills required in the digital age,
certification of acquired knowledge and skills, individual job-search
assistance services and targeted group activities, occupational guidance,
advisory services, mentoring, outplacement assistance, entrepreneurship
promotion, aid for self-employment, business creation, employee take-overs, and
cooperation activities;
(b)
special time-limited measures, such as job-search allowances, employers’
recruitment incentives, mobility allowances, childcare allowances, training
allowances, subsistence allowances, and allowances for carers.
Co-financing:
The co-financing rate of the EGF for the
measures offered shall be the highest co-financing rate of ESF+ in the relevant
Member State, as set out in Article 112(3) of the Common Provisions Regulation
for 2021-2027 or 60 %, whichever is the higher.