EGF Mobilisation: Vallourec - Germany (EGF/2023/003)

This decision mobilises the European Globalisation Adjustment Fund (EGF) to provide financial support to workers in Germany who lost their jobs due to the closure of Vallourec Deutschland GmbH's steel tube production sites.

The aid is for 1,518 workers made redundant in Düsseldorf and Mülheim an der Ruhr, primarily in the manufacture of basic metals sector. Many of these workers are older, have worked for the company for a long time, and may face challenges finding new employment due to skills mismatches.

The EGF will provide approximately €3 million to fund personalised services such as upskilling, vocational guidance, job search assistance, and support for starting new businesses. These measures aim to help the displaced workers reintegrate into the labour market, considering the need for a climate-neutral and digital economy.

Germany began providing these services in December 2023, and the funding is eligible from January 2023 for preparatory and administrative costs. The total cost of the support package is nearly €5 million, with the EGF covering 60%.