EU Helps Fired Volvo Workers

The European Union has granted financial support to 1,500 former employees of car manufacturer Volvo in Sweden. The European Parliament appropriated the equivalent of 14 million dollars to the laid-off auto workers, approving an application by the Swedish government.

The money comes out of the EU’s Globalizing Fund. It was introduced three years ago as a means of support for people who lose their jobs due to globalizing trends in European industry.