Broadcom - Main contents

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dossier	COM(2015)232 - Globalisation Fund application from Finland - EGF/2015/001 FI/Broadcom.
document	COM(2015)232
date	July 17, 2015

table>(1)The European Globalisation Adjustment Fund (EGF) aims 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, 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 is not to exceed a maximum annual amount of EUR 150 million (2011 prices), as laid down in Article 12 of Council Regulation (EU, Euratom) No 1311/2013 (3).

(3)

On 30 January 2015 Finland submitted an application EGF/2015/001 FI/Broadcom to mobilise the EGF, in respect of redundancies in Broadcom Communications Finland and two of its suppliers or downstream producers in Finland. It was supplemented by additional information provided in accordance with Article 8(3) of Regulation (EU) No 1309/2013. That 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 EUR 1 365 000 in respect of the application submitted by Finland.

(5)	In order to minimise the time taken to mobilise the EGF, this decision should apply from the date of its adoption,