Date: 8-May-2024Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2024/1298 of the European Parliament and of the Council of 24 April 2024 on the mobilisation of the European Globalisation Adjustment Fund for Displaced Workers following an application from Germany — EGF/2023/003 DE/Vallourec
Mobilization of EUR 2 984 627 from the European Globalisation Adjustment Fund for Displaced Workers for Germany.
The funds are allocated in response to an application from Germany (EGF/2023/003 DE/Vallourec) concerning worker displacements in Vallourec Deutschland GmbH.
The affected economic sector is Manufacture of basic metals (NACE Revision 2 division 24) in the Düsseldorf region (NUTS level 2 region DEA1).
The decision is effective from April 24, 2024.
What it means
This is a decision by the European Parliament and the Council of the European Union to mobilize the European Globalisation Adjustment Fund (EGF) for Displaced Workers, following an application from Germany related to displacements in Vallourec Deutschland GmbH.
The decision approves the release of funds to support workers made redundant due to major restructuring events, assisting them in returning to decent and sustainable employment.
Impact Analysis
Impact on Displaced Workers
Suggested action: German authorities should ensure efficient and timely distribution of funds and support services to the affected workers.
Impact on German Economy
Suggested action: Monitor the effectiveness of the EGF support in facilitating re-employment and economic recovery in the affected region.
Impact on European Union
Suggested action: Evaluate the overall effectiveness of the EGF in addressing worker displacement and promoting sustainable employment across the EU.
Key Entities Referenced
European Globalisation Adjustment Fund (EGF): A fund established by the European Union to provide support for workers made redundant and self-employed persons whose activity has ceased in the case of major restructuring events.
European Parliament: One of the legislative bodies of the European Union.
Council of the European Union: One of the legislative bodies of the European Union, representing the governments of the member states.
European Commission: The executive branch of the European Union, responsible for proposing legislation, implementing decisions, and managing the EU's budget.
Vallourec Deutschland GmbH: The company in Germany where worker displacements occurred, triggering the application for EGF support.
Regulation (EU) 2021/691: Regulation of the European Parliament and of the Council on the European Globalisation Adjustment Fund for Displaced Workers (EGF) and repealing Regulation (EU) No 1309/2013.
Council Regulation (EU, Euratom) 2020/2093: Council Regulation laying down the multiannual financial framework for the years 2021 to 2027.
Regulation (EC) No 1893/2006: Regulation establishing the statistical classification of economic activities NACE Revision 2.
NACE Revision 2 division 24: Statistical classification of economic activities in the European Community, specifically Manufacture of basic metals.
Nomenclature of Territorial Units for Statistics (NUTS): A geocode standard for referencing the subdivisions of countries for statistical purposes.
Düsseldorf (DEA1): NUTS level 2 region in Germany affected by the worker displacements.
Official Journal EN
of the European Union L series
2024/1298 8.5.2024
DECISION (EU) 2024/1298 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 24 April 2024
on the mobilisation of the European Globalisation Adjustment Fund for Displaced Workers following
an application from Germany — EGF/2023/003 DE/Vallourec
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) 2021/691 of the European Parliament and of the Council of 28 April 2021 on the
European Globalisation Adjustment Fund for Displaced Workers (EGF) and repealing Regulation (EU) No 1309/2013 (1),
and in particular Article 15(1), first subparagraph, thereof,
Having regard to the Interinstitutional Agreement of 16 December 2020 between the European Parliament, the Council of
the European Union and the European Commission on budgetary discipline, on cooperation in budgetary matters and on
sound financial management, as well as on new own resources, including a roadmap towards the introduction of new own
resources (2), and in particular point 9 thereof,
Having regard to the proposal from the European Commission,
Whereas:
(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 30 million (in 2018 prices), as laid down in Article 8 of
Council Regulation (EU, Euratom) 2020/2093 (3).
(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 workers’ displacements in Vallourec Deutschland GmbH in the economic
sector classified under the Statistical classification of economic activities in the European Community (‘NACE’) (4)
Revision 2 division 24 (Manufacture of basic metals) in the Nomenclature of Territorial Units for Statistics (‘NUTS’)
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 (5).
(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,
HAVE ADOPTED THIS DECISION:
Article 1
For the general budget of the Union for the financial year 2024, the European Globalisation Adjustment Fund for Displaced
Workers shall be mobilised to provide the amount of EUR 2 984 627 in commitment and payment appropriations.
(1) OJ L 153, 3.5.2021, p. 48.
(2) OJ L 433 I, 22.12.2020, p. 28.
(3) Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years
2021 to 2027 (OJ L 433 I, 22.12.2020, p. 11).
(4) Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical
classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC
Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1).
(5) COM(2024) 30.
ELI: http://data.europa.eu/eli/dec/2024/1298/oj 1/2EN
OJ L, 8.5.2024
Article 2
This Decision shall enter into force on the day of its publication in the Official Journal of the European Union.
It shall apply from 24 April 2024.
Done at Strasbourg, 24 April 2024.
For the European Parliament For the Council
The President The President
R. METSOLA M. MICHEL
2/2 ELI: http://data.europa.eu/eli/dec/2024/1298/oj