Home / Knowledge / News / Textiles / EU Budgets Committee okays aid to Spanish textile workers
EU Budgets Committee okays aid to Spanish textile workers
04
Mar '14
European Parliament’s Budgets Committee has approved the plan to provide aid worth €840,000 to unemployed textile workers in Spain’s Valencia region to help them find new jobs under the European Globalisation Adjustment Fund (EGF).
 
However, the aid still has to be approved by Parliament as a whole and the Council of Ministers, according to an official press release.
 
The EGF aid would help to pay for measures such as individual counselling, vocational training, help in setting up a private business or intensive job-search assistance for 300 of the 560 workers made redundant by 198 textile firms.
 
This aid would meet half the cost of a €1.68 million aid package, while the remaining half would be met by Spain.
 
The redundancies are the result of major structural changes in world trade patterns, especially due to competition from China and other Far Eastern countries. The redundancies further aggravate unemployment in the region, which has already grown from 9.61 percent in the first quarter of 2008 to 29.1 percent in the first quarter of 2013.
 
Commenting on Spanish application for EGF aid earlier this year, EU Commissioner for Employment, Social Affairs and Inclusion László Andor commented: “Workers in the Spanish textile industry have been hard hit by rising global competition and the economic crisis. The Spanish labour market is particularly challenging, but I am convinced that the proposed support from EGF would help the workers who lost their jobs to find new opportunities.”
 
The textile manufacturing sector has been the subject of 11 EGF aid applications, six of which were from the Valenciana region.
 
The EGF contributes to packages of tailor-made services to help redundant workers find new jobs. The annual ceiling of the fund is €500 million. Redundant workers are offered measures such as support for business start-ups, job-search assistance, occupational guidance and various kinds of training. In most cases, national authorities have already started the measures and will get their costs reimbursed by the EU when their applications are finally approved.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X