Spanish shoemakers granted redundancy package - footwearbiz: Leading s

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Spanish shoemakers granted redundancy package

13/06/2012

The European Parliament has approved a proposal to grant a significant payout to Spanish shoemakers who have been made redundant.

The EUR1.6 million payout was approved on June 12 with 542 votes in favour. The money will come from the European Globalisation Adjustment Fund (EGF), with a further EUR expected to come from Spanish authorities.

Spain applied for EGF aid in 2010, after 876 former employees at 146 footwear manufacturing firms – the majority of which were in and around Valencia – were made redundant. It is believed around 16.6% of shoe manufacturers have closed operations.

The aid will be used to help workers find new jobs or to set up their own businesses.


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