ShippingWatch

EU to support former STX yard employees in Finland

The EU Commission is gearing up to provide EUR 1.4 million to help former Finnish yard employees prepare for new job opportunities.

Photo: Erria

Around EUR 268 per person. That is how much the EU Commission is ready to provide - through the European Globalisation Adjustment Fund (EGF) - to 565 fired shipyard employees from South Korean-owned STX Finland Oy. The money, a total of EUR 1.4 million, will be used to prepare and train the former employees for new job opportunities.

"The crisis has accelerated the transformation of the shipbuilding sector, with much of this industry moving to Asia. This proposal for EUR 1.4 million from Europe's Globalisation Fund would help prepare the dismissed workers for new job opportunities in other promising sectors," says EU Commissioner for Employment, Social Affairs and Inclusion, László Andor, in a  statement.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs