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

Summary:

Proposal for a Decision put forward by the European Commission on 27 April 2021, which mobilises the European Globalisation Adjustment Fund (EGF) in response to application EGF/2020/003 DE/GMH Guss.

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.

Germany submitted an application for a financial contribution from the EGF, following redundancies in GMH Guss GmbH in Germany. 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 adopted a proposal for a Decision to allocate a financial contribution of around €1.1 million in respect of the application submitted by the German authorities.

Official

European Commission: Press Release, 27/04/2021: Globalisation: European Commission proposes €1.1 million to support 500 dismissed foundry workers in Germany https://ec.europa.eu/commission/presscorner/detail/en/ip_21_1939

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