Comunidad Valenciana metal - Main contents

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dossier	COM(2014)515 - Globalisation Fund application EGF/2014/004 ES/Comunidad Valenciana metal.
document	COM(2014)515
date	October 22, 2014

table>(1)The European Globalisation Adjustment Fund (EGF) was established to provide support for workers made redundant and self-employed persons whose activity has ceased as a result of major structural changes in world trade patterns due to globalisation, as a result of a continuation of the global financial and economic crisis addressed in Regulation (EC) No 546/2009 (4), or as a result of a new global financial and economic crisis and to assist them with their reintegration into the labour market.

(2)	The EGF shall not exceed a maximum annual amount of EUR 150 million (2011 prices), as laid down in Article 12 of Regulation (EU, Euratom) No 1311/2013.

(3)

Spain submitted an application to mobilise the EGF, in respect of redundancies in 142 enterprises operating in the NACE Revision 2 division 25 (Manufacture of fabricated metal products, except machinery and equipment) in the NUTS 2 level region of Comunidad Valenciana (ES52), on 25 March 2014 and supplemented it by additional information as provided by Article 8(3) of Regulation (EU) No 1309/2013. This application complies with the requirements for determining a financial contribution from the EGF as laid down in Article 13 of Regulation (EU) No 1309/2013.

(4)	The EGF should, therefore, be mobilised in order to provide a financial contribution of an amount of EUR 1 019 184 for the application submitted by Spain,