Ursula von der Leyen's response to the large-scale layoffs is expected.
The European Commission is launching a new program to prevent mass layoffs in the automotive industry, allocating 14 million euros to projects that help vulnerable workers acquire new skills. This will give them the opportunity to move to other positions before losing their jobs. This support is part of a pilot program, and further significant funds will be used for retraining in the 2028-2034 budget cycle.
The European Commission is trying to mitigate the labor market consequences of mass layoffs in the automotive industry with a new program. The Ursula von der Leyen-led institution plans to allocate 14 million euros to projects aimed at enabling workers at risk of losing their jobs to acquire new skills and transition to other positions before losing their jobs. This amount represents only the framework for the pilot program, but a much larger amount could be allocated to retraining and upskilling in the 2028-2034 budget cycle.
Related Reading
Energy crisis: record heat, slightly higher Danube, drying streams and ongoing energy and water conservation nationwide
Magyar Péter made an important announcement: there is no need for voluntary consumption reduction.
