Bailing out a European carmaker in need is sure to attract the attention and ire of a few EU Commissars. Once people are in the street, money can legally flow.
The EU will donate €12 million ($15 million) to the cause of needy workers who lost their job at PSA Peugeot Citroen, says Automobilwoche [sub]. They money can be used for training or to start a new business.
Between 2009 and 2010, 2,089 people lost their job at PSA. The financial help must be approved by the EU Parliament and the European Council of Ministers.
$15 M divided by 2089 comes to a little over $7.18 K each – assuming that is the pie. It is restricted to starting a new business or re-training.
Better than the kick in the teeth from PSA.
(i) pending approval from the EU Parliament & Council of Ministers [2 bodies] – how long could that take?
(ii) $15 M to be amongst how many PSA employees?
The site worker above looks straight form Tati’s “Trafic,” 1971.
I doubt the money is to be split evenly.