European Globalisation Adjustment Fund (EGF)
By altering global trade flows, globalisation has shaped economic and industrial development, resulting in many workers being made redundant as a result.
The European Globalisation Adjustment Fund (EGF) was set up in 2006 as an instrument of solidarity and support for workers hit by globalisation or the economic and financial crisis, facilitating their reintegration into the job market.
In this vote, Parliament decided on the EGF's priorities and programme between 2014 and 2020.
What was the Greens' position?
The Greens supported the original instrument, but only reluctantly, because we believe the EGF runs the risk of fanning the flames without setting out a preventive restructuring policy.
We supported the Fund because it is well-structured and targets workers directly.
Did other MEPs accept the Greens' position?
The Greens managed to ensure that workers who are made redundant in outdated industries receive training for future-oriented jobs. This training should be personalised and anticipate current and industrial developments, especially the transition towards a resource-efficient and sustainable economy.
The EGF will henceforth be more efficient, concentrating on appropriate training and making optimal use of its budget. We managed to limit simple payments, like allowances or vouchers, to 35%.
Corporate co-financing will be encouraged and the EGF's contribution must not replace actions that are the responsibility of companies under national legislation or collective agreements.
Which points did the Greens lose?
We wanted co-financing from national budgets to be lower for poorer EU Member States and countries affected by the crisis. In other words, we wanted countries to be able to co-finance the EGF according to their means. This proposal was rejected during the negotiations.
We would have preferred a more strategic approach towards restructuring, but did not gain a majority for this, either.
Procedure:Ordinary legislative procedure
Lead MEP:Marian HARKIN (ALDE)
Green MEP responsible:Marije Cornelissen
Staff contact:Berta Halmos (Email)