Proposal for a Decision on the mobilisation of the European Globalisation Adjustment Fund following an application from Spain

Author (Corporate)
Series Details COM (2020) 485
Publication Date 11/09/2020
Content Type

Summary:

Proposal for a Decision put forward by the European Commission on 11 September 2020, which mobilises the European Globalisation Adjustment Fund (EGF) in response to application EGF/2020/001 ES/Galicia shipbuilding ancillary sectors.

Further information:

The European Globalisation Adjustment Fund (EGF) aims to provide support for workers made redundant and self-employed persons whose activity has ceased as a result of major structural changes in world trade patterns due to globalisation, as a result of a continuation of the global financial and economic crisis, or as a result of a new global financial and economic crisis, and to assist them with their reintegration into the labour market.

On 13 May 2020, Spain submitted an application for a financial contribution from the EGF, following redundancies in the shipbuilding ancillary sectors. Following an assessment of this application, the European Commission concluded that the conditions for awarding a financial contribution from the EGF had been met. It therefore tabled a proposal for a Decision to allocate a financial contribution of €2,054,400 in respect of the application submitted by Spain.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2020:485:FIN
Related Link(s)
Official
European Commission: Press Release, 11/09/2020: Commission proposes €2 million to help 500 workers made redundant in shipbuilding and ancillary sectors in Galicia, Spain https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1584

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Record URL https://www.europeansources.info/record/?p=522904