News Irish News

Saturday 21 January 2017

EU aid for SR Technics workers

Sarah Collins in Brussels

Published 22/09/2010 | 05:00

The EU is to donate €7.4m to help retrain 850 former SR Technics workers made redundant when the aircraft maintenance firm closed down its Dublin Airport operations early last year.

  • Go To

The Government is obliged to contribute an extra €4.1m to the pot, which can also be used to fund third-level college places for former employees.

The money has strict conditions attached. It can only be used for further education, training and job placements, or as start-up capital for budding entrepreneurs, and must be spent within two years of the application being made.

The Irish application -- which originally related to 1,135 workers -- was sent to Brussels almost a year ago, but was held up after the EU executive requested further details from the Government.

The money comes from the European globalisation fund, a €500m-a-year kitty set up in 2007 to compensate workers let go as a result of their employers relocating outside the bloc in search of cheaper labour.

The European Commission says that SR Technics' loss of business with Aer Lingus and Gulf Air was a major factor in the factory closure, and was a direct result of those airlines slashing maintenance and repair costs during the crisis.

The SR Technics fund -- which will need to be approved by European parliamentarians and EU ministers before it can be paid out -- marks the third such grant received by Irish workers.

A total of 598 former Waterford Crystal workers were granted €4m earlier this year, while a €22.8m fund was given to 2,400 ex-Dell employees when a local plant in Raheen, Co Limerick, closed down and moved to Poland.

Irish Independent

Read More

Promoted articles

Editor's Choice

Also in Irish News