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Sunday, 15.06.2025, 05:23
Estonian government authorizes asking for money from EGF for East-Viru County
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The additional help is needed to react to the major layoffs being carried out in the East-Viru County, materials from the government sitting show.
The plan is to start offering services in the first half of 2016.
Generally, EGF support can be used when more than 500 employees are made redundant in a single company, which includes workers at suppliers and producers in the next link of the production chain. Support can be applied for also when more than 500 people lose their jobs in a concrete sector of the economy in one region or in several adjacent regions. In addition the fund provides support to regions which have registered a steep rise in the number of young job-seekers.
The EGF is a special financial instrument outside the EU's multiannual financial framework. Its maximum annual budget in the 2014-2020 period is 150 million euros and it provides support to people losing their jobs as a result of redundancies, not to companies. The EGF co-finances only active labor market measures aimed at helping workers made redundant find another job.
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