Vallourec - Main contents

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dossier	COM(2024)30 - Globalisation Fund application from Germany - EGF/2023/003 DE/Vallourec.
document	COM(2024)30
date	April 24, 2024

(1) The European Globalisation Adjustment Fund for Displaced Workers (EGF) aims to demonstrate solidarity and promote decent and sustainable employment in the Union by providing support for workers made redundant and self-employed persons whose activity has ceased in the case of major restructuring events and assisting them in returning to decent and sustainable employment as soon as possible.

(2) The EGF is not to exceed a maximum annual amount of EUR 186 million (in 2018 prices), as laid down in Article 8 of Council Regulation (EU, Euratom) 2020/2093 ¹⁸ and Article 16 of Regulation (EU) 2021/691.

(3) On 15 November 2023, Germany submitted an application to mobilise the EGF in accordance with Article 8(1) of Regulation (EU) 2021/691, in respect of worker’s displacements in Vallourec (Vallourec Deutschland GmbH (VAD)) in the economic sector classified under the Statistical classification of economic activities in the European Community ('NACE')¹⁹ Revision 2 division 24 (Manufacture of basic metals) in the Nomenclature of Territorial Units for Statistics ('NUTS')²⁰ level 2 region of Düsseldorf (DEA1) in Germany. It was supplemented by additional information provided in accordance with Article 8(5) of Regulation (EU) 2021/691. That application is considered to comply with the conditions for providing a financial contribution from the EGF as laid down in Article 13 of Regulation (EU) 2021/691, on the basis of the assessment made by the Commission in the Proposal for a mobilisation decision of the European Parliament and of the Council ²¹.

(4) The EGF should, therefore, be mobilised in order to provide a financial contribution of EUR 2 984 627 in respect of the application submitted by Germany.

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