France to Receive €11.9 Million Fund to Help Former PSA Workers image

The European Commission proposes to provide France €11.9 million from the European Globalisation Adjustment Fund to help PSA’s 2 089 former workers.

The EGF will help the PSA Peugeot Citroën employees that were made redundant in 2009-2010 in France due to the economic and financial crisis. The proposal, which waits for the European Parliament and the EU’s Council of Ministers’ approval, does not include the employees at the Aulnay plant, which the automaker plans to close.

“This proposal for 11.9 million euros from Europe’s Globalisation Fund intends to help the workers adapt their skills to make their transition to new jobs faster and easier or help them set up their own enterprise,” said EU Commissioner for Employment, Social Affairs and Inclusion László Andor.

France requested support from the EGF after PSA Peugeot Citroën laid off 2,089 employees in 2009-2010 due to abrupt demand drop in the EU. The workers will be offered training and advisory services, as well as ‘congé de reclassement’ allowances and support for business creation. The package will cost about €18.4 million, from which €11.9 million will be offered by EGF.