Mobilisation of the European Globalisation Adjustment Fund: redundancies in the retail trade sector in Finland

PURPOSE: to mobilise the European Globalisation Adjustment Fund (EGF) to assist Finland facing redundancies in the retail sector.

NON-LEGISLATIVE ACT: Decision (EU) 2018/7 of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund following an application from Finland — EGF/2017/005 FI/Retail.

CONTENT: with this Decision, the European Parliament and the Council mobilised the sum of EUR 2 499 360 in commitment and payment appropriations from the European Globalisation Adjustment Fund (EGF) under the 2017 budget.

This amount is granted in response to Finland’s application for EGF mobilisation in connection with redundancies in 3 enterprises operating in the retail sector in the following regions: Länsi Suomi, Helsinki-Uusimaa, Etelä-Suomi and Pohjois- ja Itä-Suomi in Finland.

This application fulfils the conditions for a financial contribution from the EGF in accordance with Regulation (EU) No 1309/2013. As a reminder, the 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. The EGF is not to exceed a maximum annual amount of EUR 150 million for the period 2014-2020.

ENTRY INTO FORCE: 6.1.2018. In order to minimise delay for the mobilisation of the EGF, the decision applies from the date of its adoption, i.e. 12.12.2017.