European Globalisation Adjustment Fund

1 Pages Posted: 6 Mar 2015

See all articles by Gianluca Sgueo

Gianluca Sgueo

Center for Social Studies - University of Coimbra; European Parliamentary Research Service; New York University

Date Written: March 4, 2015

Abstract

At its March 2015 plenary, the European Parliament is due to vote on six applications for the mobilisation of the European Globalisation Adjustment Fund (EGF). The EGF provides one-off support to workers losing their jobs as a result of major structural changes in world trade patterns.

The EGF was introduced in 2007 as a flexible instrument in the EU budget to provide support, under specific conditions, to workers who have lost their jobs as a result of mass redundancies caused by major changes in global trade (e.g. delocalisation to third countries). Since 2007, the EGF has received 146 applications and has paid out €454.2 million (out of €545.3 million requested) in favour of 119 980 workers. Companies from the automotive, machinery and equipment, and textile industries have been among the most frequent applicants for EGF aid.

Keywords: Europe, globalisation, fund, budget, EU, policy-making, Parliament, EGF, workers, crisis, automotive

Suggested Citation

Sgueo, Gianluca and Sgueo, Gianluca, European Globalisation Adjustment Fund (March 4, 2015). Available at SSRN: https://ssrn.com/abstract=2573700

Gianluca Sgueo (Contact Author)

Center for Social Studies - University of Coimbra ( email )

Apartado 3008
Coimbra, 3001-454
Portugal

HOME PAGE: http://www.gianlucasgueo.com

European Parliamentary Research Service ( email )

Bât. Altiero Spinelli
60 rue Wiertz / Wiertzstraat 60
Brussels, B-1047
Belgium

New York University ( email )

Via Bolognese 120
Florence, Florence 50139
Italy

HOME PAGE: http://www.gianlucasgueo.it

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
53
Abstract Views
269
PlumX Metrics