GLOBALISATION FUND : FUNDING APPROVED FOR SPANISH CAR INDUSTRY.
The Spanish car industry is the next in line to get financial support from the European Globalisation Adjustment Fund (EGF). Madrid's request for financial support was approved by the European Commission, on 10 February. The European Parliament and the Council now have to give their green light to let this money pass through to Spain.
The application for funding was sent to the Commission after 1,082 Spanish auto industry workers had lost their jobs at three car producers and nine car component manufacturers in the two neighbouring...
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