The European Union would broad the role of the European Globalisation Adjustment Fund (EGF) in order to help workers and self-employed persons in the EU who have lost their job as a result of no-deal Brexit. The EGF was initially set up in 2006 to support workers whose job was affected as a consequence of globalization-related major structural changes. This Fund also helped people who have lost their job resulting from global financial and economic crisis.
On 2 October 2019 the participants of Council’s Permanent Representatives Committee (Coreper) approved the draft regulation broadening the scope of EGF. The aim of the EU is to help persons whose job and professional activity has ceased, or who have to delocalize their family as a result of the exit of the United Kingdom from the EU without a withdrawal agreement. Coreper also supports using the accelerated procedure by the European Parliament in order to have an opportunity for the affected people as early as possible.
The regulation will apply from the day following that on which the Treaties cease to apply to the UK and there is no withdrawal agreement. If the UK conclude a withdrawal agreement, this regulation will not be applicable.