Press Release: Employment: Commission proposes €911,934 from Globalisation Fund for former steel workers in Belgium

The European Commission on the 5 September 2014 proposed to provide Belgium with €911,934 from the European Globalisation Adjustment Fund (EGF) to help 752 former workers of steel producer Carsid S.A. to find new jobs. The redundant workers are mostly in the area of Charleroi in the Walloon Region.

Belgium applied for support from the EGF following the dismissal of 939 workers at Carsid S.A. These redundancies were the result of a rapid decline of the EU’s share of the global market for continuously-cast crude steel and a decrease in demand for steel from the EU's automotive and construction sectors as a consequence of the economic crisis, combined with a relative increase in production costs.

• Primary Source

European Commission: DG Employment, Social Affairs and Equal Opportunities: The European Globalisation Adjustment Fund (EGF) http://ec.europa.eu/social/main.jsp?catId=326&langId=en

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