Home Europe European Parliament Decision (EU) 2024/1299 of the European Parliament and of th...
Date: 8-May-2024 Category: Not Applicable State: Union Government Country: Europe

Decision (EU) 2024/1299 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 Denmark — EGF/2023/004 DK/Danish Crown

Issued by European Parliament · Council of the European Union

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The Decision (EU) 2024/1299 concerns the mobilisation of the European Globalisation Adjustment Fund (EGF) to provide financial assistance to Denmark following worker displacements in Danish Crown and its suppliers and downstream producers.
  • The decision approves the allocation of funds to support workers made redundant as a result of major restructuring events, helping them return to sustainable employment.

Key Changes

  • The European Globalisation Adjustment Fund for Displaced Workers is mobilised to provide EUR 1 882 212 in commitment and payment appropriations for the financial year 2024.
  • The funding is in response to an application from Denmark (EGF/2023/004 DK/Danish Crown) related to worker displacements in Danish Crown and its suppliers.
  • The decision is based on the assessment that the application from Denmark complies with the conditions for financial contribution from the EGF as per Article 13 of Regulation (EU) 2021/691.
  • The decision is effective from April 24, 2024, the date of its adoption.

Impact Analysis

Impact on Displaced Workers in Denmark

  • The funding will likely be used for measures such as job-search assistance, retraining, and support for entrepreneurship.

Impact on Danish Crown and Related Businesses

  • Suggested action: Danish Crown should cooperate with relevant authorities to facilitate the effective use of the EGF funds for the benefit of displaced workers.

Impact on the European Union

  • No direct impact on EU budget since the funding falls within the pre-approved maximum annual amount for the EGF.

Key Entities Referenced

European Parliament: One of the legislative branches of the European Union, involved in approving the mobilisation of the EGF. Council of the European Union: The other legislative branch of the European Union, also involved in approving the mobilisation of the EGF. European Commission: The executive branch of the European Union, responsible for proposing the mobilisation of the EGF and assessing the application from Denmark. European Globalisation Adjustment Fund for Displaced Workers (EGF): An EU fund that provides support to workers made redundant due to major restructuring events. Danish Crown: A Danish company that experienced worker displacements, 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). Council Regulation (EU, Euratom) 2020/2093: Council Regulation laying down the multiannual financial framework for the years 2021 to 2027.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2024/1299 8.5.2024 DECISION (EU) 2024/1299 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 Denmark — EGF/2023/004 DK/Danish Crown 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 6 December 2023, Denmark submitted an application to mobilise the EGF in accordance with Article 8(1) of Regulation (EU) 2021/691, in respect of workers’ displacements in Danish Crown and 2 suppliers and dowstream producers in Denmark. 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 (4). (4) The EGF should, therefore, be mobilised in order to provide a financial contribution of EUR 1 882 212 in respect of the application submitted by Denmark. (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 1 882 212 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) COM(2024) 35. ELI: http://data.europa.eu/eli/dec/2024/1299/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/2024/1299/oj

Continue your research