Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-171-000"
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"en.20110929.18.4-171-000"2
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"The European Globalisation Adjustment Fund (EGF) was set up with the aim of showing the EU’s solidarity with workers affected by mass redundancies caused by globalisation. It was extended in 2009, via the recovery plan, to cover redundancies caused by the economic and financial crisis as well.
Although the fund is criticised for its fairly slow response, one thing for certain is that 10% of all workers made redundant in the EU in 2009 and 2010 received support from it, while 40% of these were successfully reintegrated into the labour market, in spite of the economic crisis. Extending the life of the fund would certainly help at a time when there are signs of the economic crisis returning. However, the EGF’s focus should shift towards effectively supporting the provision of training and retraining for those affected by mass redundancies so that they can be reintegrated into the labour market as quickly as possible.
The main challenge during an extremely tough economic climate is to introduce intervention procedures to enable the EGF to be mobilised quickly and efficiently. In these circumstances, I welcome the Commission’s aim to reduce the duration of the procedure for applications to, and mobilisation of, the EGF to a maximum of six months between submitting the application and transferring the funds to the relevant EU Member State."@en1
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