Summary
The European Parliament approves EU funds to assist Caterpillar workers in Belgium who lost their jobs due to global trade changes. 10 20.03.2015
Other
economy
social policy
public finance and budget policy
employment and working conditions
Key points
In force from 01/01/2014 Out of force from 30/04/2014
- The mobilization of the fund is carried out in accordance with established European budgetary rules.
- The application submitted by Belgium meets the necessary eligibility criteria for receiving financial assistance.
- The total financial contribution from the European Globalisation Adjustment Fund will amount to approximately 1.22 million euros.
- The redundancies at Caterpillar were caused by structural changes in global trade, specifically increased competition from Asia and declining demand in Europe.
Documents (PDFs)
REPORT on the proposal for a decision of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund, in accordance with point 13 of the Interinstitutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management (application EGF/2014/011 BE/Caterpillar, from Belgium)
Mobilisation of the European Globalisation Adjustment Fund – application EGF/2014/011 BE/Caterpillar - Belgium
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