Given the scale and frequency of restructuring in recent years, there are concerns that the existing EGF budget could be insufficient to meet all applications related to displaced workers and workers affected by imminent displacement. Therefore, in order to ensure a balanced use of the EGF, a minimum of 40 % of the annual maximum amount of the EGF should be reserved for applications concerning the cessation of activity of displaced workers or self-employed persons. In addition, any financial contribution to workers affected by imminent job displacement should be capped per enterprise, for a given Member State and for any financial year.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
