Vestas from Denmark - Main contents

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dossier	COM(2012)502 - Globalisation Fund application EGF/2012/003 DK/Vestas from Denmark.
document	COM(2012)502
date	November 21, 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 Interinstitutional Agreement of 17 May 2006 allows the mobilisation of the EGF within the annual ceiling of EUR 500 000 000.

(3)

Denmark submitted an application on 14 May 2012 to mobilise the EGF, in respect of redundancies in the enterprise Vestas Group and supplemented it by additional information up to 10 July 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 7 488 000.

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