(Unsplash, 2019)
This article is brought to you in association with the European Parliament.
Parliament voted to reform the European Globalisation Adjustment Fund supporting workers dismissed due to globalisation, technological or environmental changes.
MEPs changed the name of the fund from the European Globalisation Adjustment Fund to the European Fund for Transition (EFT) and want it to remain an emergency and solidarity tool. They broadened its scope so that the fund would address the adverse effects of globalisation and technological transitions, like digitisation and automatisation, as well as the transition towards a resource-efficient economy.
In addition, Parliament lowered the dismissal threshold, which means there must be 200 redundancies or more before a company in a member state can submit an application to the EFT.
The text closing the first reading in the Parliament was adopted with 570 votes to 103 and 14 abstentions.
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