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Mobilisation of the European Globalisation Adjustment Fund for Displaced Workers: application EGF/2026/003 FI/Valmet Automotive - Finland

TA-10-2026-0332 · P10_TA(2026)0332 · PE792.011

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Parliament approves a European Globalisation Adjustment Fund for Displaced Workers (EGF) payment of EUR 410 310 to Finland for workers displaced by Valmet Automotive, 60 % of a total cost of EUR 683 850. The application covers 260 targeted beneficiaries, with 233 displaced workers residing in Länsi-Suomi, after redundancies at Valmet Automotive and five subcontractors and suppliers. Parliament notes the region's rising unemployment and the barriers facing older and lower-educated workers, and calls for tailored support, training and reintegration measures. It asks Finland to ensure visibility of Union funding, thorough final evaluations, and respect for equal treatment and non-discrimination, and says EGF aid must not replace other obligations. It stresses the strategic importance of the European automotive industry and calls on the Commission to use Union instruments to support workers affected by restructuring across the automotive value chain.

Key points

  1. Parliament agrees with the Commission that the EGF Regulation conditions are met and that Finland is entitled to EUR 410 310, 60 % of a total cost of EUR 683 850.
  2. The total cost comprises EUR 663 850 for personalised services and EUR 20 000 for preparatory, management, information and 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 relates to 260 targeted beneficiaries made redundant by Valmet Automotive and five subcontractors and suppliers, with 233 displaced workers residing in Länsi-Suomi.
  5. Parliament notes Valmet Automotive's staff reductions, the dismissal of 235 workers and temporary lay-off of 860 workers, and the rise in Länsi-Suomi unemployment to 12,3 % in December 2025.
  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 structural barriers.
  7. Personalised services include job-seeking training, job and career coaching, vocational training, occupational safety and competence cards, language training, start-up grants, incentives and allowances.
  8. Parliament stresses that trade union representatives should be involved throughout implementation, monitoring and evaluation of the EGF measures.
  9. It stresses that Finnish authorities must ensure visibility of Union funding and provide clear, timely and targeted information to beneficiaries, authorities, social partners and the public.
  10. It calls for thorough final evaluations covering use of funds, reintegration success and whether the measures achieved the EGF's objectives.
  11. Finland started providing personalised services and incurring administrative expenditure on 23 March 2026, with eligibility running until 24 months and 31 months after the financing decision enters into force.
  12. Parliament reiterates that EGF assistance must not replace public authorities' or companies' obligations, and calls on the Commission to use Union instruments to support workers across the automotive value chain.

Who is affected

  • 260 targeted beneficiaries made redundant by Valmet Automotive and five subcontractors and suppliers, of whom 233 reside in Länsi-Suomi.
  • Displaced workers with post-secondary education or lower and those over 54, who face greater barriers to re-entering the labour market.
  • Finnish authorities, which must ensure visibility of Union funding, provide information and respect equal treatment and non-discrimination.
  • The European automotive industry and its workers across Member States, affected by restructuring and transition.

Figures and deadlines

  • EUR 410 310 — the EGF financial contribution to Finland, 60 % of the total cost.
  • EUR 683 850 — the total cost of the measures.
  • EUR 663 850 — expenditure for personalised services.
  • EUR 20 000 — expenditure for preparatory, management, information and publicity, control and reporting activities.
  • 260 — targeted beneficiaries made redundant by Valmet Automotive and five subcontractors and suppliers.
  • 233 — displaced workers residing in Länsi-Suomi who will be targeted beneficiaries.
  • 12,3 % — unemployment rate in Länsi-Suomi in December 2025.
  • 95 % — share of displaced workers with post-secondary education or lower; 27,5 % are aged over 54.