EGF: Council and Parliament agree to support workers at imminent risk of job loss

Press release

The Council and the Parliament reached, on 25 February 2026, a provisional agreement on a regulation that seeks to broaden the scope of the European Globalisation Adjustment Fund for Displaced Workers (EGF), extending support to workers facing unemployment.

The new rules will apply until the end of 2027, when the current EGF programme expires.

"Today’s agreement sends a clear message of European solidarity. In a rapidly changing global economy, workers must not face uncertainty alone. By extending the scope of the EGF, we are ensuring that support reaches people earlier, giving them a real chance to retrain, adapt and remain active in the labour market."
Marinos Moushouttas
Minister of Labour and Social Insurance, Republic of Cyprus

The purpose of the EGF is to show solidarity with workers and self-employed people who have lost their job due to company restructuring, helping them get back into employment.

Find more information on the official website of the Council of the EU.

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