Job dismissals in Europe: Arcelor and Nokia

This procedure concerns the European Globalisation Adjustment Fund (EGF), which provides financial support to workers who have lost their jobs due to major changes in global trade patterns or economic crises. It aims to help them find new employment.

The fund assists individuals and regions impacted by large-scale redundancies, such as those seen at companies like Arcelor and Nokia during economic downturns. This support helps workers retrain and reintegrate into the labour market.