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EU has proposed €2.6m to help laid-off Nokia employees

Velocix

European Commission (EU) has proposed to release 2.6 million euros to help ex-Nokia employees laid-off due to restructuring in Nokia Networks. The grant will come from European Globalisation Adjustment Fund (EFG).

Nokia Networks slashed some 821 jobs blaming global competition. This fund will be used in re-skilling and start-up grants for these ex-Nokia workers. This will help them in landing up with new jobs and start their own ventures.

The EU’s Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, said the decision would go toward helping former Nokia employees develop their skills in finding new jobs and help them cope during their employment transition period.

Finland had applied for the EGF funds after Nokia and three subcontractors announced 945 job losses. The EFG is meant to assist workers who lose their jobs due to global financial and economic crises or structural changes in the world economy.

Source: Yle

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Nisha
Nisha is the Managing Editor at Nokiapoweruser. She is a big Nokia fan and has more than 5 years of experience in covering Nokia, Tech, Phones and Gadgets. She has also been associated with other well-known Tech sites WinCentral and GadgetOx. Her current Devices are Lumia 1020, Lumia 925 and Lumia 525. Her motto in life is “work hard party harder”!! Write to her at Email: [email protected]
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