€15m EU payout for Limerick workers

A €15 MILLION fund to help 2,400 redundant Dell and Banta Turnkey employees get back to work will be announced by the President of the European Commission when he visits Limerick today.

Most of the money — which works out at €5,000 per employee — will be spent on retraining but some will also go to help those who want to start their own businesses. The state is to add another €5m to their training fund.

The money comes from the EU’s globalisation fund which is designed to help those who lose their jobs when their companies move to lower cost countries. Dell moved their Limerick operations to Poland earlier this year.