LM Glasfiber from Denmark - Main contents

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dossier	COM(2011)258 - Globalisation Fund application EGF/2010/022 DK/LM Glasfiber from Denmark.
document	COM(2011)258
date	July 6, 2011

table>(1)The European Globalisation Adjustment Fund (EGF) was established to provide additional support for workers made redundant as a result of major structural changes in world trade patterns due to globalisation and to assist them with their reintegration into the labour market.

(2)	The scope of the EGF was broadened for applications submitted from 1 May 2009 to include support for workers made redundant as a direct result of the global financial and economic crisis.

(3)	The Interinstitutional Agreement of 17 May 2006 allows the mobilisation of the EGF within the annual ceiling of EUR 500 million.

(4)

Denmark submitted an application on 7 July 2010 to mobilise the EGF, in respect of redundancies in the enterprise LM Glasfiber and supplemented it by additional information up to 3 February 2011. This application complies with the requirements for determining the financial contributions as laid down in Article 10 of Regulation (EC) No 1927/2006. The Commission, therefore, proposes to mobilise an amount of EUR 6 247 415.

(5)	The EGF should, therefore, be mobilised in order to provide a financial contribution for the application submitted by Denmark,