Commission releases €8.5 million from the European Globalization Adjustment Fund to support 5,800 dismissed workers in Sweden
EU Reporter —
The European Commission has proposed to mobilize €8.5 million from the European Globalization Adjustment Fund for Displaced Workers (EGF) to help 5,800 workers dismissed after the bankruptcy of Northvolt in Sweden. Founded in 2016, Northvolt faced major production challenges and global oversupply in the battery market. Its bankruptcy in March 2025 led to nearly 6,500 job losses. […]