Proposal for a decision of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund following an application from Finland – EGF/2016/008 FI/Nokia Network Systems
1. The EGF is designed to provide support for workers made redundant as a result of major structural changes in world trade patterns due to globalisation, in situations where these redundancies have a significant adverse impact on the regional or local economy.
2. For applications submitted after 31 December 2013, the rules applicable to financial contributions from the European Globalisation Adjustment Fund (EGF) are laid down in Regulation (EU) No 1309/2013 of the European Parliament and of the Council of 17 December 2013 on the European Globalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/20061 (the ‘EGF Regulation’).