The European Commission today proposed to provide Portugal with nearly €4.7 million from the European Globalisation Adjustment Fund to help former garment workers and several hundred young people without employment and education find a new job.
“Portuguese workers have been hit hard by global competition. The Fund’s €4.7 million contribution will help workers who have lost their jobs, as well as an equal number of unemployed young people, adapt their skills and facilitate their transition to new opportunities,” said Marianne Thyssen, the EU Commissioner for Employment, Social Affairs, Skills and Labor Mobility,
With unemployment still hovering at 6.7% and an official minimum salary of €557, one of the lowest in Western Europe, Lisbon requested support from the Fund following the dismissal of 1,161 workers from two garment companies in three of Portugal’s regions. The allocated funds could provide certain workers who are under the age of 30 and facing the greatest financial and social difficulties with additional vocational training, while also offering assistance to certain individuals with who want to start a business.
The €7.7 million support proposal has been submitted to the European Parliament and the Council of Ministers of the European Union for approval.