Unemployed textile workers in Spain's Valenciana region could get European Globalisation Adjustment Fund (EGF) aid worth €840,000 to help them find new jobs under plans approved by Parliament's Budgets Committee. The aid still has to be approved by Parliament as a whole and the Council of Ministers. The EGF aid would help pay for measures such as individual counseling, vocational training, help in setting up a private business or intensive job-search assistance for 300 of the 560 workers made redundant by 198 textile firms.

This aid would meet half the cost of a €1.68 million aid package, the other half of which would be met by Spain. The redundancies are the result of major structural changes in world trade patterns, especially due to competition from China and other Far Eastern countries. The textile manufacturing sector has been the subject of 11 EGF aid applications, six of which were from the Valenciana region.

The European Globalisation Adjustment Fund contributes to packages of tailor-made services to help redundant workers find new jobs. They are offered measures such as support for business start-ups, job-search assistance, occupational guidance and various kinds of training.