Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-169-500"
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"en.20110929.18.4-169-500"2
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"I voted in favour of this report. The European Globalisation Adjustment Fund (EGF) was established in 2006 in order to demonstrate solidarity with workers made redundant as a result of changes in world trade patterns and to provide them with assistance. By cofinancing active labour market policy measures, the EGF aimed to facilitate the re-integration into employment of workers in areas, sectors, territories, or labour market regions suffering the shock of serious economic disruption. In light of the scale and speed of development of the financial and economic crisis in 2008, the Commission, in its European Economic Recovery Plan, provided for the revision of the EGF Regulation to widen the scope of the EGF as part of Europe’s crisis response and to turn it into an early, more effective crisis intervention instrument. The amendments to the regulation included the reduction from 1 000 to 500 of the required number of redundancies to trigger an application for EGF support and an extension from 12 to 24 months of the implementation period for EGF supported measures. The temporary derogation expires on 30 December 2011, and this proposal therefore suggests extending it until 31 December 2013."@en1
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