País Vasco Productos metálicos from Spain - Main contents

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dossier	COM(2012)620 - Globalisation Fund application EGF/2011/018 ES/País Vasco Productos metálicos from Spain.
document	COM(2012)620
date	December 12, 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 30 December 2011 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 423 enterprises operating in the NACE Revision 2 Division 25 (‘Manufacture of fabricated metal products, except machinery and equipment’) in the NUTS II region of País Vasco (ES21), and supplemented it by additional information up to 5 September 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 1 299 545.

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