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

Summary:

Proposal for a Decision tabled by the European Commission on 29 February 2024, mobilising the European Globalisation Adjustment Fund (EGF) in response to application EGF/2023/003 DE/Vallourec.

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 in November 2023, seeking to address dismissals in Vallourec, operating in the metals sector. Following an assessment of this application, the European Commission concluded that the conditions for awarding a financial contribution from the EGF had been met.

On 29 February 2024, the Commission adopted a draft Decision to allocate a financial contribution of around €3 million in respect of the application submitted by the German authorities.

Official

European Commission: DG Employment, Social Affairs and Inclusion: European Globalisation Adjustment Fund for Displaced Workers (EGF) https://ec.europa.eu/social/main.jsp?catId=326&langId=en

European Commission: Press Release, 29/02/2024: €3 million from European Globalisation Adjustment Fund to support 835 dismissed steel workers in Germany https://ec.europa.eu/commission/presscorner/detail/en/ip_24_1183

---