Market news :European Union Providing 2.7 Million Euros in Support to Laid-Off Italian Motorcycle Workers

The European Union Council has decided to provide €2.7 million (US$3.5 million) in support for unemployed employees of motorcycle manufacturers in Italy.
The funding is through the E.U.’s European Globalisation Adjustment Fund (EGF), a program established in 2009 in the wake of the global economic crisis which helps provide assistance in finding new jobs and receiving career training. The Italian workers are one of seven groups of beneficiaries, including Swedish workers from the bankrupt automaker Saab, that will receive a combined €24.3 million (US$31.7 million) in aid. Continue Reading »


( Source motorcycle.com )