31.7.2009
News

Assistance from globalization fund for staff redundancies caused by the crisis

An amendment to Regulation No 1927/2006 establishing the European Globalization Adjustment Fund (Official Journal L 167/2009) has temporarily extended the scope of this fund. It will be possible to finance from its resources support to workers who have lost their jobs as a result of the current economic and financial crisis. The contribution for this purpose is available until the end of 2011. Concurrently the amendment has mitigated current intervention criteria.

The reduction requirements and simplification of the processing of applications is a permanent change and also affects the original purpose of the aid, i.e. to reintegrate workers made redundant on the basis of negative consequences of globalization back into the job market. The most important change is reduction of the threshold of redundant workers, which now amounts to 500 redundancies in an enterprise; in the case of the crisis impact in a selected sector, there must be 500 employees in one or two neighbouring regions. However, the Regulation allows for an exception to this criterion, for example, in small labour markets.

The means provided by the globalization fund can be used for active labour market measures in the form of personalized services, such as assistance and advice on job search, training and retraining according to the specific needs of workers, promoting the transition to another job, entrepreneurship or self-employment.

Other articles

17.4.2026
News

Jiří Horník at Dronecon 2026

At this year’s Dronecon expert forum, KŠB partner Jiří Horník took part in two panel discussions.

At this year’s Dronecon expert forum, KŠB partner Jiří Horník took part in two panel discussions.

16.4.2026
News

Collaboration with World Bank on Analysis of Czech Business Environment

We would like to share that Kateřina Štěpánková has received a Certificate of Appreciation from World Bank in recognition of her contribution to the Subnational Business Ready in the European Union 2025 project, led by World Bank in cooperation with the European Commission (DG REGIO).

We would like to share that Kateřina Štěpánková has received a Certificate of Appreciation from World Bank in recognition of her contribution to the Subnational Business Ready in the European Union 2025 project, led by World Bank in cooperation with the European Commission (DG REGIO).

15.4.2026
News

KŠB Among Finalists for IFLR Europe Awards 2026

We are pleased to announce that Kocián Šolc Balaštík has been shortlisted for the IFLR Europe Awards 2026.

We are pleased to announce that Kocián Šolc Balaštík has been shortlisted for the IFLR Europe Awards 2026.