Success Stories: The Use of the EU Globalisation Adjustment Fund

12-12-2014

This in-depth analysis summarises the results obtained from EU budget resources dedicated to the EU Globalisation Adjustment Fund (EGF) and the role of the European Parliament in making such resources available. EGF supports workers losing their jobs as a result of major structural changes in world trade patterns, providing them with one-off, finite support. Since 2007, 146 applications have been received from the MS, requesting funds which total EUR 545.3 million for 119 980 workers, of which EUR 454.2 million has already been paid out.

This in-depth analysis summarises the results obtained from EU budget resources dedicated to the EU Globalisation Adjustment Fund (EGF) and the role of the European Parliament in making such resources available. EGF supports workers losing their jobs as a result of major structural changes in world trade patterns, providing them with one-off, finite support. Since 2007, 146 applications have been received from the MS, requesting funds which total EUR 545.3 million for 119 980 workers, of which EUR 454.2 million has already been paid out.