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Decision (EU) 2016/618 of the European Parliament and of the Council of 13 April 2016 on the mobilisation of the European Globalisation Adjustment Fund (application from Sweden — EGF/2015/009 SE/Volvo Trucks)

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CELEX:  32016D0618

(1) The European Globalisation Adjustment Fund (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, or as a result of a new global financial and economic crisis, and to assist them with their reintegration into the labour market.
(2) The EGF is not to exceed a maximum annual amount of EUR 150 million (2011 prices), as laid down in Article 12 of Council Regulation (EU, Euratom) No 1311/2013 .
(3) On 16 September 2015, Sweden submitted an application EGF/2015/009 SE/Volvo Trucks for a financial contribution from the EGF, following redundancies in Volvo Trucks (Volvo Group Truck Operation, EMEA) and four suppliers and downstream producers in Sweden. It was supplemented by additional information provided in accordance with Article 8(3) of Regulation (EU) No 1309/2013. The application complies with the requirements for determining a financial contribution from the EGF as laid down in Article 13 of Regulation (EU) No 1309/2013.
Decision (EU) 2016/618 of the European Parliament and of the Council of 13 April 2016 on the mobilisation of the European Globalisation Adjustment Fund (application from Sweden — EGF/2015/009 SE/Volvo Trucks)

article  0

CELEX:  32016D0618

(4) The EGF should, therefore, be mobilised in order to provide a financial contribution of EUR 1 793 710 in respect of the application submitted by Sweden.
(5) In order to minimise the time taken to mobilise the EGF, this decision should apply from the date of its adoption,