02/26/2026 | Press release | Distributed by Public on 02/26/2026 03:24
The Commission welcomes the political agreement reached by the European Parliament and EU Member States on its proposal to strengthen the European Globalisation Adjustment Fund for Displaced Workers (EGF).
The European Parliament and the Council must now formally adopt the political agreement. Once adopted, companies can request Member States to apply for EGF support for affected employees in line with the revised rules, which will apply until the end of 2027, when the current EGF expires.
EGF contributes directly to creating a more dynamic and competitive European economy. It helps workers by improving their skills and making it easier for them to find new jobs. It offers tailored packages of services: workers receive personalised support to acquire the skills needed to move into new roles or jobs, helping them navigate economic and industrial transitions.
Since 2007, the EGF has intervened in 186 cases, allocating €727 million helping 181 167 people in 20 different Member States. According to Commission data for 2023-2024, 81% of these dismissed workers have found a new job within 18 months of receiving EGF support.
In April 2025, the Commission proposed to extend the scope of the EGF, as a flagship initiative of the Action Plan for the European automotive sector and the Action Plan for the European steel and metals industry. The new rules also align with the objectives of the Union of Skills and the European Competitiveness Compass.