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REPORT (COM(2026)0400 – C100199/2026 – 2026/0220(BUD))

On the proposal for a decision of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund for Displaced Workers following an application from Finland – EGF/2026/003 FI/Valmet Automotive

A-10-2026-0243

Committee on Budgets · Rapporteur: Nicolae Ștefănuță

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✦ In short · AI summary of this text, generated 7 Oct 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament's resolution approves mobilising the European Globalisation Adjustment Fund for Displaced Workers for Finland after 260 displacements at Valmet Automotive and five suppliers and subcontractors. It agrees Finland is entitled to EUR 410 310, which is 60% of total costs of EUR 683 850, and sets out the personalised services to be offered to displaced workers. It calls for visibility of Union funding, thorough final evaluations, and measures to help workers with lower education and older workers back into work. It stresses that EGF aid must not replace national or company obligations and should be part of a wider response for the automotive industry.

Committee position. The Committee on Budgets approves the decision annexed to the resolution and agrees with the Commission that Finland is entitled to a EUR 410 310 contribution from the EGF.

Key points

  1. Parliament agrees with the Commission that the conditions in Article 4(2), point (a), of the EGF Regulation are met and that Finland is entitled to EUR 410 310.
  2. The contribution represents 60% of total costs of EUR 683 850: EUR 663 850 for personalised services and EUR 20 000 for preparatory, management, information, publicity, control and reporting activities.
  3. Finland submitted the application on 5 May 2026; the Commission finalised its assessment on 24 July 2026 and notified Parliament on 24 August 2026.
  4. The application covers 260 targeted beneficiaries made redundant by Valmet Automotive and five subcontractors and suppliers, of whom 233 reside in Länsi-Suomi.
  5. Parliament notes Valmet Automotive's staff reductions, the dismissal of 235 workers and temporary lay-off of 860, and rising unemployment in Länsi-Suomi, and calls for policies fostering sustainable industrial transition.
  6. It notes that 95% of displaced workers have post-secondary education or lower and 27,5% are over 54, and calls on Finnish authorities to address social disparities and barriers such as low education and age.
  7. Personalised services consist of job-seeking training, job and career coaching, vocational training, occupational safety and competence cards, language training, start-up grants, and incentives and allowances.
  8. Trade union representatives should be involved throughout implementation, including monitoring and evaluation, and training should respond to concrete labour market needs.
  9. Finnish authorities shall ensure visibility of Union funding and provide clear, timely and targeted information to beneficiaries, authorities, social partners and the public.
  10. Parliament calls for thorough final evaluations of the measures, including how funds were used and whether workers were reintegrated into the labour market.
  11. Finland started providing personalised services on 23 March 2026; eligibility runs until 24 months and until 31 months after the entry into force of the financing decision.
  12. Parliament reiterates that EGF assistance must not replace public authorities' or companies' responsibilities, and calls on the Commission to use Union instruments to support workers across the automotive value chain.

Who is affected

  • 260 displaced workers from Valmet Automotive and five subcontractors and suppliers in Finland, of whom 233 in Länsi-Suomi are targeted beneficiaries.
  • Finnish authorities, which must ensure visibility of Union funding and provide information to beneficiaries and the public.
  • The European automotive industry and its workers, for whom Parliament seeks targeted and complementary Union support.

Figures and deadlines

  • EUR 410 310 — financial contribution from the EGF for Finland.
  • 60 % — share of total costs covered by the EGF contribution.
  • EUR 683 850 — total cost of the proposed actions.
  • EUR 663 850 — expenditure for personalised services.
  • EUR 20 000 — expenditure for preparatory, management, information and publicity, control and reporting activities.
  • 260 — displacements following which Finland submitted the application.
  • 239 — total displacements within the reference period from 2 December 2025 to 2 April 2026.
  • EUR 30 million (in 2018 prices) — maximum annual amount the EGF shall not exceed.

Legal basis: Article 8 of Council Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for 2021-2027.