On Wednesday, the European Parliament approved €2 million from the European Globalisation Adjustment Fund to help 507 workers displaced by the April 2025 bankruptcy of Liberty Steel Belgium. The vote passed with 586 votes in favour, 48 against and 16 abstentions. The funding will cover career counselling, vocational training—including IT skills—and support for those wishing to start businesses. The total cost of the programme is estimated at €2.4 million; 85 % (€2 million) will come from the EGF, while the remaining 15 % (€400 000) will be supplied by the Walloon public employment services. Belgian authorities had already disbursed support to the workers in June 2025, and the EGF will later cover those costs retroactively. MEPs cited Liberty’s prolonged financial difficulties, market conditions, supply‑chain disruptions, high energy prices and company‑specific issues after its acquisition from ArcelorMittal.
© European Union, 2023 – Source: European Parliament.
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