The European Globalisation Adjustment Fund (EGF) provides support to people losing their jobs as a result of major structural changes in world trade patterns due to globalisation, or as a result of the global economic and financial crisis. This reports provides an assessment of the effectiveness, sustainability, efficiency, coherence, relevance, and EU added value of the results achieved by European Globalisation Adjustment Fund EGF in 2014 and 2015.
The European Globalisation Adjustment Fund (EGF) was set up in 2006 to express EU solidarity with workers affected by mass redundancies triggered by shifting world trade patterns. The scope of the Fund was later widened to include also mass lay-offs caused by the Economic and Financial Crisis. Between 2007 and 2014, the European Commission approved 134 EGF applications from Member States, who requested EUR 561.1 million to support 122 121 redundant workers. The EGF measures are delivered in a combination of projects run by national and/or regional authorities. This leaflet seeks to highlight activities supported by the EGF in 2013-14. The information presented is based on the Biennial Report on the EGF which the Commission submitted to the European Parliament and the Council on 22 July 2015.
This publication is available only in electronic version in English.
European Globalisation Adjustment Fund - Solidarity in the face of change
Employment across Europe has suffered due to the impacts of globalisation and the worldwide financial and economic crisis. This leaflet focuses on the European Globalisation Adjustment Fund (EGF), which co-funds support to EU workers who find themselves unemployed after the closure of a large company, major dismissals or when production in a sector shifts outside the EU. Personalised assistance measures, channelled through regional or national authorities, aim to help those people who qualify for EGF support to find another job or set up their own business.
This issue of Social Agenda looks at the new European Social Fund and European Globalisation Adjustment Fund. It highlights the on-going public consultation on how the EU's growth and jobs strategy is going and presents initiatives to make EURES a more pro-active cross-EU job placement tool, manage better company or public service restructuring and ensure quality traineeships. And who are the missing entrepreneurs? Available in English, French and German, also in print.
A silent revolution is underway in the field of employment and social data collection and analysis, giving a much more vivid picture of what people are going through and how they are evolving over time. This issue of Social Agenda focuses on the methodology of data collection and its political consequences. For the EU to reach its objective of generating inclusive growth by 2020, social policy must be considered not so much in terms of expenditure but rather as an investment in Europe's most precious asset: its own people or, as economists would say, its "human capital". Social Agenda is available in English, French and German.