PURPOSE: to mobilise the European Globalisation Adjustment Fund (EGF) to assist Estonia in respect of redundancies in the manufacture of petroleum and chemicals products.
NON-LEGISLATIVE ACT: Decision (EU) 2016/2099 of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund (following an application from Estonia — EGF/2016/003 EE/petroleum and chemicals).
CONTENT: with this Decision, the European Parliament and the Council decided to mobilise an amount of EUR 1 131 358 in commitment and payment appropriations under the European Globalisation Adjustment Fund in the framework of the 2016 budget.
This amount shall assist Estonia in respect of redundancies in Eesti Energia AS, Nitrofert AS and Viru Keemia Grupp AS in Estonia.
Given that the Estonian application meets the conditions laid down in Regulation (EC) No 1309/2013 (EGF Regulation 2014-2020), Parliament and the Council have decided to grant the abovementioned amount.
As a reminder, 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.
Council Regulation (EU, Euratom) No 1311/2013 laying down the multiannual financial framework for the years 2014-2020 provides that the EGF is not to exceed a maximum annual amount of EUR 150 million.
ENTRY INTO FORCE: the Decision shall enter into force on 1.12.2016 and shall take effect on 23.11.2016.