Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-172-500"

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"en.20110929.18.4-172-500"2
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"This report by Pervenche Berès relates to a proposal to amend Regulation (EC) No 1927/2006 establishing the European Globalisation Adjustment Fund (EGF) – which is intended to support workers who have been made redundant as a consequence of significant structural changes in world trade – with the aim of extending the derogation period for this fund until 30 December 2013. In 2008, noting the significant increase in company closures and, consequently, the thousands more people being made redundant, the EU decided to temporarily amend the EGF Regulation, reducing the number of redundancies from 1 000 to 500, extending the period of operation from 12 to 24 months, including workers made redundant as a consequence of the economic and financial crisis, and increasing the cofinancing rate from 50% to 65%. The derogation period, which began on 1 May 2009, comes to an end on 30 December 2011, since it was thought in 2008 that the crisis would be over by this date. I welcome the approval of this proposal to extend the temporary derogation period, since, unfortunately, we are mistaken if we believe the end of the economic and financial crisis is in sight."@en1

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