Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-227-750"
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"en.20111213.26.2-227-750"2
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"This is the 23rd application examined by the Committee on Employment and Social Affairs under the 2011 budget. It concerns mobilisation of a total sum of EUR 3 918 850 from the EGF for Italy. It results from 643 redundancies, 528 of which are targeted for assistance, from 323 enterprises in the building construction sector.
The application is based on the intervention criteria laid down in Article 2(b) of Regulation (EC) No 1927/2006, which requires at least 500 redundancies over a nine-month period, in enterprises operating in the same NACE Revision 2 division in one region or two contiguous regions at NUTS II level in a Member State.
Italy claims its building construction sector has been hit hard by the crisis. Loans to the building construction sector and to private individuals have been drastically reduced and demand for new residential housing has fallen, owing to declining consumer confidence and the lack of liquidity. This is the case in the region of Trentino-Alto Adige/Südtirol. The economic situation of both provinces deteriorated in 2009 and their growth was negative. Italy predicts the redundancies will have a significant impact at local level."@en1
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