Cabinet to seek aid for financial workers

THE Government is planning to seek EU funding to help retrain workers who lost jobs in the financial services sectors.

Following last month’s announcement by Aviva that it will make 950 of almost 2,000 employees in Ireland redundant from next March, the Department of Education is monitoring the situation to see if those workers could be the subject of an application to the European Globalisation Adjustment Fund (EGF).

However, the two-year time scale of redundancies from next March could leave those workers outside the remit of the scheme.