Published on October 16th, 2013 | by Anneli Hidalgo0
EU Commission proposes fund for former Vestas workers
The European Commission has proposed to provide Denmark with EUR 6.3 million to help the 611 workers made redundant by Vestas Group.
The money would come from the European Globalization Adjustment Fund, a pot of money set up in 2007 to help workers dealing with the “consequences of globalization” to find new work. The EGF co-funded measures will be available to all the affected workers, offering them mentoring and coaching, horizontal training in general skills and individualised targeted training packages, help with business start-up, and subsistence and entrepreneurship allowances. The EGF would provide half of the total EUR 12.7 million cost. The proposal now goes to the European Parliament and the EU’s Council of Ministers for approval.
The wind turbine manufacturing industry in the EU has been seriously affected by changes in world trade patterns, leading to a significant reduction of the EU market share, stated the EU Commission. The global market, especially in Asia, has been rapidly developing while the demand for wind turbine installations is stagnating in Europe. Furthermore, Chinese wind turbine manufacturers, which are becoming more competitive in terms of quality and price, not only supply solutions to their own expanding markets, but are also penetrating the European market. Europe’s share in total capacity was reduced from 66% in 2006 to 27,5% in 2012. The redundancies affect several Danish regions with rapid rise in long-term unemployment and a steep decline in job vacancies, especially in industry and production.