Home / Knowledge / News / Textiles / EC disburses €840k for textile workers in Spanish Valencia
EC disburses €840k for textile workers in Spanish Valencia
28
Apr '14
The European Commission (EC) has confirmed disbursement of €840,000 from the European Globalization Adjustment Fund (EGF) to help 300 workers made redundant in the textile sector of the Spanish autonomous community of Valencia to find new jobs, following the approval from the European Parliament and European Union’s (EU) Council of Ministers, reports Europa Press.

The EU Council of Ministers of the 28 member nations and the European Parliament okayed the EC’s decision to provide the aid to the unemployed textile workers in the region, after the European Parliament’s Budget Committee gave its approval for the plan, last month.

The EGF aid aims to provide relocation support to workers who were laid off from 198 small and medium-sized businesses in the textile sector of Valencia. The workers were dismissed from the firms owing to the economic crisis in Spain and increased competition from textile products manufactured in the international market, especially China.

The assistance would help to pay for measures such as individual counseling and guidance, skills assessment and outplacement, general training and retraining, individual professional training, promotion of entrepreneurship, incentives for relocation, etc.

The aid would cover half of the total expense of €1.68 million, whereas the remaining half would be granted by the Spanish Government. Earlier this year, Spain had requested assistance from the EC to help the dismissed textile workers find new jobs.

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

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X