Nokia Network Systems - Main contents

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dossier	COM(2017)157 - Globalisation Fund application from Finland - EGF/2016/008 FI/Nokia Network Systems.
document	COM(2017)157
date	May 17, 2017

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 22 November 2016 Finland submitted an application to mobilise the EGF, in respect of redundancies in the economic sector classified under the Statistical classification of economic activities in the European Community (‘NACE’) Revision 2 Division 26 (Manufacture of computer, electronic and optical products) 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 2 641 800 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,