Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-07-Speech-2-890"
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"en.20100907.24.2-890"2
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"With a view to countering the adverse impact of globalisation on workers affected by collective redundancies and to showing its solidarity towards such workers, the European Union set up a European Globalisation Adjustment Fund (EGF) to provide financial support for personalised programmes to reintegrate redundant workers into the labour market. The EGF has a maximum annual amount of EUR 500 million.
Given the economic and social crisis, it is surprising how little use has been made of the EGF. In fact, from 2007 to the first six months of 2009, only EUR 80 million in funding was mobilised, out of a total of EUR 1.5 billion available, for 18 applications submitted on behalf of 24,431 workers by eight Member States. Starting from the changes made to the EGF in May 2009, the number of applications submitted rose from 18 to 46, the total contributions requested from EUR 80 million to EUR 197 million, and the number of Member States submitting applications from 8 to 18. However, 9 Member States have still not resorted to the EGF.
Furthermore, it is the EU regions with the highest gross domestic product that have benefitted most from the EGF. An evaluation of the reasons for these facts is needed, in order for the EGF to be mobilised more quickly and more often, and for it to be transformed into an independent fund with its own commitment and payment appropriations."@en1
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