Proposal for a Regulation on the European Globalisation Adjustment Fund (EGF)

Author (Corporate)
Series Details COM (2018) 380
Publication Date 30/05/2018
Content Type

Summary:

Legislative proposal published by the European Commission on 30 May 2018 revising the European Globalisation Adjustment Fund (EGF) for the period 2021-2027.

Further information:

The prime objective of the proposed Regulation is to ensure that the EGF continues to operate beyond 2020. The EGF is a fund run by the European Union to support workers who were dismissed or made redundant by their employers. It was initially established by Regulation (EC) No 1927/2006 for the programming period 2007-2013. For the next Multiannual Financial Framework (MFF), its scope was extended by Regulation (EU) No 1309/2013, repealing the original Regulation. The aim was to cover not only job displacements resulting from a serious economic disruption caused by a continuation of the global financial and economic crisis but to also cover any new global financial and economic crisis.

Under the revised rules, other reasons for restructuring can be eligible for support, taking account of new challenges on the labour market. The proposal also lowers the threshold of dismissed workers for a case to be eligible from 500 to 250, which should allow more workers to get support. Other proposed changes include an improved mobilisation process to simplify and speed up the procedures. Finally, the Fund's co-financing rate, which currently stands at 60%, is aligned with the highest ESF+ co-financing rates for a given Member State.

This proposal was put forward in the framework of the discussions regarding the Multiannual Financial Framework for the period 2021-2027. The European Parliament adopted its negotiating position on 16 January 2019. Among its proposed changes is to change the name of this fund to European Fund for Transition. The Council of the European Union adopted a partial general approach on 15 March.

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:380:FIN
Related Link(s)
Commentary and Analysis
EPRS: Briefing, October 2018: Initial Appraisal of a European Commission Impact Assessment http://www.europarl.europa.eu/RegData/etudes/BRIE/2018/627119/EPRS_BRI(2018)627119_EN.pdf
Bruegel: Blog, 11/04/2018: The European Globalisation Adjustment Fund: Time for a reset http://bruegel.org/2018/04/the-european-globalisation-adjustment-fund-time-for-a-reset/
EPRS: Briefing, January 2019: Reform of the European Globalisation Adjustment Fund http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)628246

News
EurActiv, 31/05/2018: Commission defends Cohesion-European Semester link, with suspended payments option https://www.euractiv.com/section/economy-jobs/news/commission-defends-cohesion-european-semester-link-with-suspended-payments-option/

Official
European Commission: Press Release, 30/05/2018: A new Social Fund, Globalisation Adjustment Fund and Justice, Rights and Values Fund http://europa.eu/rapid/press-release_IP-18-3923_en.htm
European Commission: Speech by Commissioner Thyssen presenting the European Social Fund Plus and the European Globalisation Adjustment Fund under the next long-term EU budget http://europa.eu/rapid/press-release_SPEECH-18-3993_en.htm
European Commission: Questions and Answers on the new Social Fund and Globalisation Adjustment Fund for the period 2021-2027 http://europa.eu/rapid/press-release_MEMO-18-3922_en.htm
EUR-Lex: SWD(2018)289: Impact assessment https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:289:FIN
European Parliament: Press Release, 16/01/2019: European Fund for Transition to support more workers made redundant http://www.europarl.europa.eu/news/en/press-room/20190109IPR23022/
European Parliament: Legislative Observatory: Procedure File on proposal for European Globalisation Adjustment Fund (EGF) 2021–2027 https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?reference=2018/0202(COD)
EP: Legislative Train: European Globalisation Adjustment Fund (EGF) http://www.europarl.europa.eu/legislative-train/theme-new-boost-for-jobs-growth-and-investment/file-mff-egf
Council of the European Union: Press Release, 15/03/2019: European Globalisation Adjustment Fund: Council agrees its position https://www.consilium.europa.eu/en/press/press-releases/2019/03/15/european-globalisation-adjustment-fund-council-agrees-its-position/

ESO Records
Communication on 'A modern budget for a Union that protects, empowers and defends: the Multiannual Financial Framework 2021-2027' http://www.europeansources.info/record/communication-a-modern-budget-for-a-union-that-protects-empowers-and-defends-the-multiannual-financial-framework-2021-2027/

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