Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-314-875"

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"en.20110705.34.2-314-875"2
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"The fourth application for assistance from the European Globalisation Adjustment Fund (EGF) has been submitted under the implementation of the 2011 budget. The fund seeks to assist workers who find themselves in a highly vulnerable situation due to the relocation of the companies in which they worked as a result of the phenomenon of global competition. In this instance, Denmark has requested the intervention of the fund in the cases of 1 650 redundancies from the enterprise LM Glasfiber. The unforeseen nature of the redundancies and their correlation, or causal link, with the global economic and financial climate has been demonstrated. Indeed, all the criteria for the intervention of the fund, allowing the mobilisation of up to EUR 500 million per year, have been fulfilled. Finally, it should be stressed that there is a need to promote especially rapid procedures for allocating funds, in light of situations where local populations are in need."@en1

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