EUforYa

EUFORYa

A cleaner window into EU Parliament

🔎
EU budget

Sweden Workers Get €8.5 Million to Re‑enter Green Jobs

Published December 16, 2025

Goal: Help workers, strengthen battery

The European Parliament approved a resolution that gives Sweden €8.5 million from the Globalisation Adjustment Fund to help workers who lost their jobs when Northvolt went bankrupt, funding training, job‑search support and other services so they can find new work in green and digital industries.

Summary

The European Parliament approved a decision to give Sweden €8,526,322 from the European Globalisation Adjustment Fund (EGF) to help workers who lost their jobs after the Northvolt battery‑manufacturing company went bankrupt.

  • Why the money is needed – In the period from 28 Nov 2024 to 28 Mar 2025, 6,486 workers were made redundant in the Swedish regions of Övre Norrland, Stockholm and Östra Mellansverige. 5,829 of those jobs were at Northvolt and its subsidiaries, and the rest were in 13 other suppliers and downstream firms.
  • How the money will be used – The €8.5 million will cover about 60 % of the total cost (€14.2 million). €13.7 million will pay for “personalised services” (career coaching, job‑search help, training, start‑up support, digital skills training, etc.). The remaining €0.5 million will cover preparation, management, communication and reporting costs.
  • Time limits – The funding must be used within 24–31 months from the decision. Sweden began implementing the measures on 25 Oct 2024.
  • Speed and fairness – Parliament noted that Sweden’s application was sent on 16 Jun 2025 but the Commission took more than four months to finish its assessment. It urges faster processing next time and that the funding must be clearly visible as EU money, and that it should not duplicate national support.
  • Re‑employment – A U.S. start‑up, Lyten, has agreed to buy Northvolt’s remaining assets and may re‑hire many of the laid‑off workers. Re‑employment is considered the best option; unused funds should be returned to the Commission.
  • Broader goals – The decision stresses that the EGF supports workers who have skills useful for Europe’s green and digital future. It also calls for regular evaluations of how the money is spent and how many people find new jobs or finish training.
  • Official decision – The decision is adopted by the Parliament and the Council and will be published in the Official Journal of the EU. The €8.5 million commitment is now available to Sweden.

Licensing: The summaries on this page are available under Creative Commons Attribution 4.0 (CC BY 4.0).

The source