000 TA 2022 - Technical assistance at the initiative of the Commission - Main contents

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dossier	COM(2022)25 - Globalisation Fund EGF/2022/000 TA 2022 - Technical assistance at the initiative of the Commission.
document	COM(2022)25
date	March 9, 2022

table>(1)The objectives of the European Globalisation Adjustment Fund for Displaced Workers (EGF) are to demonstrate solidarity and promote decent and sustainable employment in the Union by offering support to displaced workers and self-employed persons whose activity has ceased in the case of major restructuring events and supporting 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 186 million (in 2018 prices), as laid down in Article 8 of Council Regulation (EU, Euratom) 2020/2093 (3).

(3)	Regulation (EU) 2021/691 states that a maximum of 0,5 % of the annual ceiling of the EGF may be used each year for technical assistance at the initiative of the Commission.

(4)	The EGF should, therefore, be mobilised in order to provide the sum of EUR 290 000 for technical assistance at the initiative of the Commission.

(5)	In order to minimise the time taken to mobilise the EGF, this decision should apply from the date of its adoption,