Brussels (dpa) – Nearly 1,000 employees affected by the layoffs at Goodyear in Germany will receive over three million euros in EU support for job searching. The funds from the EU Globalization Fund (EGF) will be used for initiatives such as career counseling, further training, and business start-up assistance, according to a proposal from the EU Commission. The layoffs are a result of the closure of Goodyear factories in Fulda and partially in Hanau, impacting 915 employees.
The Fulda plant is scheduled to shut down this year, with a total of 1,171 jobs lost due to the closures in both locations. Germany submitted a request for EGF support in March. Additionally, Goodyear plans to gradually halt tire production in Fürstenwalde, Brandenburg, by the end of 2027. The company cited overcapacity, low-cost imports from Asia, and inflationary pressures as reasons for the layoffs.
The Commission’s proposal requires approval from the Council of EU States and the European Parliament, which is expected to be a formality. (July 29)
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