Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-231-125"
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"en.20111215.23.4-231-125"2
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Point 28 of the Interinstitutional Agreement of 17 May 2006 between the European Parliament, the Council and the Commission on budgetary discipline and sound financial management allows for the mobilisation of the European Globalisation Adjustment Fund (EGF) through the Flexibility Instrument, with an annual ceiling of EUR 500 million over and above the relevant headings of the financial framework. The rules applicable to the contributions from the EGF are laid down in Regulation (EC) No 1927/2006 of the European Parliament and of the Council of 20 December 2006 on establishing the European Globalisation Adjustment Fund. On 9 October 2009, France submitted application EGF/2009/019 FR/Renault for a financial contribution from the EGF, following redundancies in Renault s.a.s. and seven of its subsidiaries in France. The application cites 1 384 redundancies in Renault s.a.s. and six suppliers and a further 3 061 redundancies in Renault s.a.s. and seven suppliers outside the reference period, but included in the same voluntary redundancy plan. After a thorough examination of this application, the Commission has concluded that the conditions for a financial contribution under this Regulation have been met."@en1
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