Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-174-750"
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"en.20111116.18.3-174-750"2
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On 5 October 2011, the Commission adopted a new proposal for a decision on the mobilisation of the European Globalisation Adjustment Fund (EGF) in favour of Ireland, in order to support the reintegration into the labour market of workers made redundant due to the global financial and economic crisis. The application concerns 4 866 redundancies in 1 482 enterprises located in two contiguous regions which comprise together the entire State of Ireland. Almost 80% of the enterprises are located in the Southern and Eastern region, while the remaining 20% are located in the Border, Midlands and Western region. The redundancies were made during the nine-month reference period from 1 July 2009 to 31 March 2010. In the wake of the economic and financial crisis and of the closure of numerous SMEs in the construction industry, which enjoyed steady growth for a decade, the unemployment rate in this sector soared by 19% between 2009 and 2010. Furthermore, Ireland has an export-oriented economy, which resulted in the credit crunch which, in turn, seriously affected the mortgage loans market and, consequently, the building sector. This is why we advocate the mobilisation of the EGF in support of the Irish workers made redundant so that they are reintegrated into the labour market."@en1
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