European Globalisation Adjustment Fund for Displaced Workers
The European Globalisation Adjustment Fund for Displaced Workers (EGF) is a EU fund that has been introduced to express solidarity with workers or the self-employed who have been displaced due to major restructuring. The fund is a crisis fund to help displaced workers find new jobs quickly.
In the event of large-scale restructuring
The EGF can be mobilised for large-scale restructuring events, regardless of cause, for example during the coronavirus crisis, digitalisation, automation, the transition to a low-carbon economy or other major changes.
The main rule is that EGF helps out when more than 200 employees are made redundant from a single company or from several smaller companies in different industries. The fund has an annual budget of EUR 210 million for 2021–2027 and can cover 60 per cent of the costs.
Arbetsförmedlingen is the administrative agency for the fund. A special role is appointed and responsible for the application process, following up and monitoring ongoing projects and submitting a final report to the European Commission and the Government Offices of Sweden.
Read more about the EGF on the European Commission website:
European Globalisation Adjustment Fund for Displaced Workers (EGF) (europa.eu) (in Swedish)