Comunidad Valenciana footwear from Spain - Main contents

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dossier	COM(2012)204 - Globalisation Fund application EGF/2011/020 ES/Comunidad Valenciana footwear from Spain.
document	COM(2012)204
date	June 13, 2012

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)

Spain submitted an application on 28 December 2011 to mobilise the EGF in respect of redundancies in 146 enterprises operating in the NACE Revision 2 Division 15 (‘Manufacture of leather and related products’) in the NUTS II region of Comunidad Valenciana (ES52), and supplemented it by additional information up to 23 February 2012. 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 1 631 565.

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