Report on the activities of the European Globalisation Adjustment Fund in 2015 and 2016

Further information:

In 2015 and 2016, the Globalisation Adjustment Fund (EGF) provided assistance to 19,500 redundant workers and 1,251 young people not in employment, education or training (NEETs). The EU contribution amounted to more than €70 million and was matched by another €48 million from national resources.

The report reaffirms the role of the Fund as a demonstration of European solidarity within the limits of its set-up and budgetary availabilities, having helped workers to adjust to changing trade patterns and consequences of the economic and financial crisis in that period.

Background information:

The EGF is intended to provide support to workers made redundant as a result of major structural changes in world trade patterns due to globalisation and the negative effects of the global economic and financial crisis on employment.

The EGF, which was set up by Regulation (EC) No 1927/2006, was designed to reconcile the overall long-term benefits of open trade for growth and employment with the short-term adverse effects which globalisation may have, particularly on the employment of the most vulnerable and lowest-skilled workers. To respond to the global economic and financial crisis, the rules governing the EGF were amended in 2009 first by Regulation (EC) No 546/2009 and, since January 2014, by Regulation (EU) No 1309/2013.

The European Commission published on 31 October 2017 a report on the performance of the European Globalisation Adjustment Fund (EGF) in 2015 and 2016.

• Primary Source

European Commission: DG Communication: IP/17/4244, 31.10.17: Report confirms effectiveness of EU Globalisation Fund http://europa.eu/rapid/press-release_IP-17-4244_en.htm

ESO: Key Source: European Globalisation Adjustment Fund (EGF) http://www.europeansources.info/record/website-the-european-globalisation-adjustment-fund-egf/

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