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February 25, 2021
BUSINESS

EP approves financial aid for workers laid off in Romania

The European Parliament (EP) has approved on Wednesday the EUR 3.57 M aid offered to workers laid off at the Mechel Campia Turzii plant in order for them to find new jobs. The financing, which comes from the European Fund for Adjustment to Globalization (FEAG), will add to national efforts and will come into force after it is adopted by the EU Council of Ministers, an EP press communiqué informs.
“The closing of the steel wire plant in Campia Turzii almost tripled the number of unemployed in the region,” rapporteur Siegfried Muresan (EPP/EMP) stated. “That is why I believe these funds are a breath of fresh air for people there. The European Union is giving these people a chance to a decent life,” he added.
The Romanian authorities have asked for aid through FEAG for 1,000 workers laid off by steel producer Mechel Campia Turzii and by its supplier.
The demand for their products had dropped especially as a result of imports from China. The EUR 3.571 M will be used among other things for the payment of professional reconversion, for the financing of businesses and consultancy for finding new jobs. The probable date on which the EU’s Council of Ministers will vote on the aid offered to Romania is September 25.
The report received 614 votes in favor, 71 against and 16 abstentions.
The European Fund for Adjustment to Globalization (FEAG) has been created in order to offer extra help to workers laid off as a result of major structural changes of business configuration determined by globalization or by the financial crisis and in order to assist them in finding new jobs. From 2014 to 2020 the fund has an annual budget of EUR 150 M.

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