MEPs Approve €3M EGF Funds for 915 Former Goodyear Workers in Germany
In a bid to aid those affected by job losses, MEPs have approved €3,085,166 from the European Globalisation Adjustment Fund (EGF) for 915 former Goodyear employees in Hanau and Fulda, Germany. The redundancies, stemming from the company's restructuring in 2024, pushed the unemployment rate in the Fulda region above 10%.
The German government began providing financial assistance to these workers as early as November 2024. The EGF funds, approved in March 2025, will now retroactively cover these costs. The funds will cover 60% of the total costs, focusing on reintegration measures such as career guidance, skill acquisition, business start-up support, and job search assistance.
The redundancies disproportionately affected male workers and those over 50. Goodyear's restructuring was a response to a significant decline in demand, rising costs, and increasing competition from Asian imports.
The EGF aid, totaling €3,085,166, is expected to significantly support the reintegration of the 915 affected workers. The German government's proactive approach in providing assistance and applying for EU funding demonstrates a commitment to helping those displaced by the Goodyear closures.
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