The European Parliament has approved Belgium’s request for €931,690 from the European Globalisation Adjustment Fund (EGF) to support workers affected by the closure of semiconductor manufacturer BelGaN.
The funding will benefit 417 workers who lost their jobs when BelGaN, based in Oudenaarde, East Flanders, shut down in July 2024.
The company went bankrup after a failed attempt to turn it into a producer of chips for energy applications.
Shortly after the layoff occurred, Belgian authorities began offering counselling, career guidance, training, and job-search initiatives to help the affected individuals transition to new opportunities.
The EGF funding will be used to cover, retroactively, 85% of the estimated costs of these measures.
