Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-255-000"

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"The motion for a resolution on the future of the European Globalisation Adjustment Fund, which I supported, proposes methods for flexible action by the fund and for consistent funding of it, in order to meet the increased demands placed on it. The EGF was designed as a mechanism for immediate intervention in the event of mass redundancies, in order to prevent long-term unemployment at times of difficult conditions on the labour market. As such, that it should exist and be strengthened in times of global economic instability is of particular interest to Greece. I would remind the House that the EGF was activated on one occasion in Greece just recently, when a large multinational pulled out, resulting in hundreds of lost jobs. However, the procedures for activating it should be simplified and the fund’s future resources should be secured, so that it is able to respond to unforeseen developments, primarily by supporting efforts to quickly reintegrate workers who lose their jobs into the labour market."@en1

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