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About the European Globalization Adjustment Fund (EGF)
The European Globalisation Adjustment Fund (EGF) provides support to people losing their jobs as a result of major structural changes in world trade patterns due to globalisation, for instance when a large company shuts down or production is moved outside the EU, or as a result of the global economic and financial crisis. This fund is designed to help workers made redundant find another job or set up their own business.