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Feed/BUD2010/2031(BUD)Finance & Budget

EGF Mobilisation: Lithuania (Wearing Apparel)

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 199mo ago
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This procedure concerns the mobilisation of the European Globalisation Adjustment Fund (EGF). The fund provides financial assistance to EU regions or countries facing significant job losses due to globalisation or economic crises. This specific case relates to workers in Lithuania's textile manufacturing sector.

The aid aims to help redundant workers in the wearing apparel sector find new employment. It supports measures like retraining, job search assistance, and entrepreneurship initiatives, mitigating the impact of industrial restructuring and job losses.