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 the Netherlands – EGF/2018/001 NL/Financial service activities
Date: 2018-07-20
Institutions: Directorate-General for Employment, Social Affairs and Inclusion, European Commission
Subjects: Drenthe, European Globalisation Adjustment Fund, Friesland, Netherlands, Overijssel, dismissal, employment aid, financial services, globalisation, reintegration into working life

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   EUROPEAN COMMISSION  Brussels, 20.7.2018 COM(2018) 548 final  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 the Netherlands – EGF/2018/001 NL/Financial service activities  
 
 
EXPLANATORY MEMORANDUM 

CONTEXT OF THE PROPOSAL 

1. 

2. 

3. 

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’). 

2018, 

23  February 

On 
application 
the  Netherlands 
EGF/2018/001 NL/Financial  service  activities  for  a  financial  contribution  from  the 
EGF,  following  redundancies2  in  the  economic  sector  classified  under  the  NACE 
Revision  2  Division  64  -  Financial  servive  activities,  except  insurance  and  pension 
funding in the NUTS level 2 regions of NL12 - Friesland, NL13 - Drenthe and NL21 
- Overijssel in the Netherlands. 

submitted 

an 

Following  its  assessment  of  this  application,  the  Commission  has  concluded,  in 
accordance with all applicable provisions of the EGF Regulation, that the conditions 
for awarding a financial contribution from the EGF are met.  

SUMMARY OF THE APPLICATION 

EGF application 

EGF/2018/001 NL/Financial service activities 

Member State 
Region(s) concerned (NUTS3 level 2) 

Date of submission of the application 

Date of acknowledgement of receipt of 
the application 

Date of request for additional 
information 

The Netherlands 
NL12 - Friesland 
NL13 - Drenthe  
NL21 - Overijssel 
23 February 2018 

23 February 2018 

09 March 2018 

Deadline for provision of the additional 
information 

04 May 2018 

Deadline for the completion of the 
assessment 

27 July 2018 

Intervention criterion 

Article 4(1)(b) of the EGF Regulation 

Number of enterprises concerned 

20 

Sector(s) of economic activity 
(NACE Revision 2 Division)4 

Division 64 – Financial service activities, 
except insurance and pension funding 

1 
2 
3 

OJ L 347, 20.12.2013, p. 855. 
Within the meaning of Article 3 of the EGF Regulation. 
Commission  Regulation  (EU)  No 1046/2012  of  8  November  2012  implementing  Regulation  (EC) 
No 1059/2003  of  the  European  Parliament  and  of  the  Council  on  the  establishment  of  a  common 
classification of territorial units for statistics (NUTS) as regards the transmission of the time series for 
the new regional breakdown (OJ L 310, 9.11.2012, p. 34). 

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Reference period (nine months): 

24 March 2017 – 24 December 2017  

Total number of eligible beneficiaries 

1 324 

Total number of targeted beneficiaries 

450 

Number of targeted young persons not in 
employment, education or training 
(NEETs) 
Budget for personalised services (EUR) 
Budget for implementing EGF5 (EUR) 
Total budget (EUR) 
EGF contribution (60 %) (EUR) 

0 

1 908 000 
     79 500 
1 987 500 
1 192 500 

ASSESSMENT OF THE APPLICATION 

Procedure 

4. 

The Netherlands submitted application EGF/2018/001 NL/Financial service activities 
within 12 weeks of the date on which the intervention criteria set out in Article 4 of 
the EGF Regulation were met, on 23 February 2018. The Commission acknowledged 
receipt of the application on the same day and requested additional information from 
the Netherlands on 9 March 2018. Such additional information was provided after an 
extension of the six weeks deadline by two weeks at the duly justified request of the 
Netherlands.  The  deadline  of  12  weeks  of  the  receipt  of  the  complete  application 
within  which  the  Commission  should  finalise  its  assessment  of  the  application's 
compliance with the conditions for providing a financial contribution expires on 27 
July 2018.  

Eligibility of the application 

Enterprises and beneficiaries concerned 

5. 

The  application  relates  to  1 324  workers  made  redundant  in  the  economic  sector 
classified  under  the  NACE  Revision  2  Division  64  -  Financial  service  activities, 
except  insurance  and  pension  funding.  The  redundancies  are  located  in  the  NUTS 
level 2 regions of NL12 - Friesland, NL13 - Drenthe and NL21 - Overijssel6. 

Enterprises and number of dismissals within the reference period 

Rabobank 
ING Bank 
ABN-AMRO 
Volksbank/SNS 
Kredietbank Nederland 
Triodos 
F. Van Lanschot Bankers 
Lacent BV  
Santander 
Kempen & Co NV 
Total no. of enterprises: 20 

981  BNP Paribas 
149  SBOT BV 
112  KAS Bank NV 
29  Pale BV 
11  Royal Bank of Scotland 

6  CEM Finance BV 
5  DNB 
5  KBC Bank 
5  Krediet Unie BV 
4  UBS Europe SE 
Total no. of dismissals:  

3 
3 
2 
2 
2 
1 
1 
1 
1 
1 

1 324 

Total no. of self-employed persons whose activity has ceased:  

0 

4 
5 
6 

OJ L 393, 30.12.2006, p. 1. 
In accordance with the fourth paragraph of Article 7 of Regulation (EU) No 1309/2013. 
Friesland (445), Drenthe (269), Overijssel (610) 

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Enterprises and number of dismissals within the reference period 

Total no. of eligible workers and self-employed persons:  

1 324 

Intervention criteria 

intervention  criteria  of 
the  application  under 
The  Netherlands  submitted 
Article 4(1)(b)  of  the  EGF  regulation,  which  requires  at  least  500  workers  being  made 
redundant  over  a  reference  period  of  nine  months  in  enterprises  operating  in  the  same 
economic  sector  defined  at  NACE  Revision  2  Division  and  located  in  one  or  two 
contiguous  regions  defined  at  NUTS  2  level  in  a  Member  State.  There  were  610 
redundancies in the NUTS level 2 region NL21 - Overijssel. The reference period of nine 
months for the application runs from 24 March 2017 to 24 December 2017. 

the 

Calculation of redundancies and of cessation of activity 

6. 

All the 1 324 redundancies during the reference period have been calculated as from 
the date of the employer's individual notice to lay-off or to terminate the contract of 
employment of the worker. 

7. 

The total number of eligible beneficiaries is 1 324. 

Link  between  the  redundancies  and  the  global  financial  and  economic  crisis  addressed  in 
Regulation (EC) No 546/2009"] 

8. 

9. 

10. 

11. 

7 

8 

9 

10 
11 
12 

In order to establish the link between the redundancies and the global financial and 
economic crisis addressed in Regulation (EC) No 546/2009, the Netherlands argues 
that  the  financial  and  economic  crisis  had  serious  impact  on  the  services  and 
functioning of the Dutch banks7 8 9. 

The low interest rate environment, introduced as a response to the financial crisis, the 
stricter regulatory conditions, the substantial decline of the mortgage market and in 
the  credit  provision  for  small  and  medium  sized  enterprises  (SMEs)  caused  falling 
profitability and created an urgent need for reduction of costs. The Commission 2018 
country  report  confirms  the  low  interest  rates,  the  decline  in  SME  lending  and  the 
indebtedness of the private households in the Netherlands10. 
At the mortgage market, a substantial decline can be noticed from 2006 until 201511. 
As from 2016 there is a slight recovery, although the levels are still much lower than 
before  the  financial  economic  crisis.  The  growth  rate  of  annual  new  mortgages  is 
almost zero now; while it was growing by 4-5% per year, before the 2008 crisis. The 
entry of new players -such as pension funds and insurers- further added to the decline 
of the mortgage business for banks. 
In  the  credit  provision  for  small  and  medium  sized  enterprises  (SMEs)12  a  strong 
decline can be seen in the past 10 years, without a recovery to the 2008 level. 

https://www.rabobank.com/nl/about-rabobank/results-and-reports/annual-review/2015/organisational-
structure/index.html 
https://www.rabobank.com/nl/about-rabobank/results-and-reports/annual-review/2015/organisational-
structure/index.html 
https://www.dnb.nl/en/news/news-and-archive/persberichten-2016/dnb341434.jsp 
https://www.ecb.europa.eu/press/key/date/2016/html/sp161003.en.html 
https://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp170510.en.html 
https://ec.europa.eu/info/sites/info/files/2018-european-semester-country-report-netherland-en.pdf 
Source: https://www.dnb.nl/nieuws/nieuwsoverzicht-en-archief/statistisch-nieuws-2017/dnb358895.jsp 
https://www.dnb.nl/nieuws/nieuwsoverzicht-en-archief/dnbulletin-2014/dnb309784.jsp 

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12. 

As  a  result  banks  reduced  their  staff,  mainly  by  closing  of  regional  branch  offices 
and transforming towards online banking. Half of the branch offices  disappeared in 
2004-201413 and the trend is still going on. Most of the dismissed persons are those 
who dealt directly with the clients and who were engaged in related administration.  

13. 

To  date,  the  `Financial  service  activities,  except  insurance  and  pension  funding` 
sector has not been subject of any EGF application.  

Events giving rise to the redundancies and cessation of activity  

14. 

15. 

16. 

17. 

18. 

13 

14 
15 

16 
17 
18 
19 

20 

21 
22 

Low  interest  rates  (low  interest  margins)  had  a  direct  and  negative  impact  on  the 
profitability of the banks. Restoring profitability is mainly achieved by reduction of 
cost, by closing of regional branches and automation, in order to stay in business. As 
a result, the number of employees is steadily decreasing in all banks. 

The  number  of  redundancies  in  the  Dutch  banking  sector  increased  between  April 
2016  and  April  2017  by  8,6 %,  while  the  average  number  of  redundancies  across 
sectors decreased by 12,8 %14. Rabobank had 1 434 branch offices in 2004; in 2014 
only  566  were  left  (-60 %).  ABN-AMRO  closed  427  of  their  offices  in  the  same 
period (-57 %)15. The Volksbank (SNS) closed 14 % of its regional offices in 2004-
2014.  The  diminishing  of  regional  offices  has  been  the  strongest  in  Friesland, 
Drenthe  and  Overijssel.  Since  ING  has  never  had  as  many  regional  offices  as  the 
other  banks  (276),  it  did  not  close  any  offices,  but  reduced  its  staff  in  the  existing 
offices.  

In 2010-2016 the overall number of employees at the four banks already mentioned 
dropped from 158 588 to 122 556; that is a 23 % decline16.  
Furthermore  large  scale  redundancies  are  foreseen  at  ABN-AMRO17,  at  ING18and 
Rabobank19. The Volksbank, which has not been through an extensive reorganisation 
or  restructuring  over  the  last  years,  has  announced  plans  for  a  reorganisation  and 
redundancies20. 

The number of people on unemployment benefits in the sector has more than tripled 
over the period 2008 - 201521 22 and in 2016 the number of people from the banking 
sector that applied for an unemployment benefit rose by 27,7 %, compared to 2015, 
as  a  consequence  of  the  reorganisation  of  the  sector.  Moreover,  the  banking  sector 
was  the  only  sector  where  employment  declined  in  2016;  all  other  sectors  counted 
less new unemployment benefits.  

Dutch Federation of Banks Factsheet Financial Services 2016 
https://www.nvb.nl/media/document/000258_od15799-nvb-factsheet-zakelijke-dienstverlening-2016-
04-07-def.pdf. 
https://fd.nl/frontpage/fd-outlook/1086750/hoe-de-bank-uit-de-buurt-verdwijnt-en-straks-elders-weer-
verschijnt 
Newsflash Labourmarket, UWV, April 2017 
https://fd.nl/frontpage/fd-outlook/1086750/hoe-de-bank-uit-de-buurt-verdwijnt-en-straks-elders-weer-
verschijnt 
Source: annual reports ING, ABN-AMRO, RABO-bank and Volksbank 
Several annual reports ABN-AMRO 2011-2016 
Annual reports ING Bank 2015 and 2016.  
Homas Escritt and Toby Sterling (December 11, 2015). "Rabobank to cut 9,000 jobs and shed assets to 
boost profit" 
http://www.volkskrant.nl/economie/weer-een-ontslagronde-ook-sns-schrapt-honderden-
voltijdbanen~a4435538/ 
Chances of employment for persons in the financial sector, UWV March 2017 
https://fd.nl/economie-politiek/1176581/somber-perspectief-voor-ontslagen-bankmedewerker 

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19. 

The  reductions  mainly  hit  personnel  with  low  or  average  education  levels,  such  as 
administrative  personnel  and  receptionists.  The  labour  market  perspective  for  these 
types of functions is weak. In the banking sector women have mainly held the lower 
and middle level functions; therefore more women are unemployed (55 %) than men 
(45%). 45 % of the unemployed in the banking sector are 55 years or older.  

Expected impact of the redundancies as regards the local, regional or national economy and 
employment 

20. 

21. 

22. 

23. 

24. 

25. 

The  redundancy  in  banking  is  particularly  challenging  to  the  three  concerned 
provinces23. Unemployment is higher in all the three regions than the 5,4 % national 
average. In Friesland it is 10,8 %24, in Drenthe 7%25 and in Overijssel it is 6,3 %26. In 
general 66 % of the people could find a new job within one year from their dismissal. 
In the banking sector only 39 % of the people found a new job within a year27. 

According  to  the  Dutch  Employment  Insurance  Agency  (UWV)  the  prospects  of 
these people to find another job in the same sector are bleak, as the employment in 
the sector is not expected to recover. According to the forecasts, there will be another 
decline in employment in the sector in 201828.  

In  Friesland  16 %  of  the  people  who  apply  for  unemployment  benefits  have  held 
functions within the banking sector which types of jobs are no longer needed in the 
region due to -among others- the closing of the regional branches of the banks29.  

In  Overijjssel  the  banking  sector  ranks  second  on  the  list  of  occupational 
backgrounds of people who apply for unemployment benefits30.  

Expected  impact  of  the  redundancies  in  the  affected  territories  is  linked  to  the 
difficulties of redeployment within the same sector. The UWV advises people in the 
banking  sector  in  these  three  provinces  to  look  into  changing  profession,  sector  or 
region31  32.. The three regions concerned are not so industrialised and diversified as 
other regions in the Netherlands, most of the companies are SMEs33.. However there 
are  new  job  opportunities  in  health,  ICT,  logistics,  financial  controlling  and  other 
sectors.  

There are vulnerable groups within the 1 324 dismissed workers; clerical/sales staff 
(52 % in the application), women (59 %) and elderly over 55 years old (27 %). Half 
of  the  dismissed  worked  in  professional/technical  jobs.  Therefore  it  is  important  to 
support a  quick reintegration of the dismissed workers into the labour market, as it 
will be difficult for them to find a new job on their own.  

26. 

The average period of unemployment benefits for unemployed banking personnel is 
much longer than for unemployed persons of other sectors. Moreover, data from the 

23 
24 
25 
26 
27 
28 
29 
30 
31 
32 
33 

Figures redundancies banking sector UWV.  
Facts and figures province of Friesland: http://fryslan.databank.nl 
Facts and figures province of Drenthe: http://www.provincie.drenthe.nl/feitenencijfers/cijfers/economie/ 
Source CBS Statline https://www.cbs.nl 
Factsheet labour market for the financial sector, UWV 23 May 2017   
https://fd.nl/frontpage/ondernemen/1086910/banken-houden-nog-20-tot-30-kantoren 
Region in focus: Friesland, UWV 2016 
Regio in focus: Zwolle, UWV 2016, Region in focus: Twente, UWV 2016 
See note 28 – 30  
Factsheet labour market for the financial sector, UWV 23 May 2017  
Facts and figures province of Overijssel: http://www.overijssel.nl/over-overijssel/cijfers-kaarten/ 

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UWV show that at least 12 % of those who applied for unemployment benefit had a 
job earlier in the financial sector34. 

Targeted beneficiaries and proposed actions 

Targeted beneficiaries 

27. 

The estimated number of redundant workers expected to participate in the measures 
is 450. The other eligible workers are either moving to other sectors or regions, going 
on retirement or participating in national and local schemes for re-employment. The 
breakdown of these workers by sex, citizenship and age group is as follows: 

Category 

Sex: 

Men: 

Women: 

Citizenship:  EU citizens: 

non-EU citizens: 

Age group: 

15-24 years: 

25-29 years: 

30-54 years: 

55-64 years: 

over 64 years: 

Number of  
targeted 
beneficiaries* 

183 

267 

(40,7 %) 

(59,3 %) 

450  (100,0 %) 

0 

38 

50 

241 

104 

17 

(0 %) 

(8,4 %) 

(11,1 %) 

(53,6 %) 

(23,1 %) 

(3,8 %) 

*:% is rounded 

Eligibility of the proposed actions 

28. 

The  personalised  services  to  be  provided  to  redundant  workers  consist  of  the 
following actions:  

– 

– 

Intake:  this  measure  will  map  the  participants  according  to  their  capabilites, 
potentials and job perspectives. Every intake will conclude with an advice.  

Job  search  assistance:  this  measure  will  start  with  an  offer  for  a  customised 
programme.  Among  others  it  will  include  preparation  of  transfer  documents, 
intensive  job  application  training,  organising  job  markets  and  intensive 
contacting of employers. 

–  Mobility pool: this measure consists of a flexible pool for the job seekers and 
employers  with  temporary  jobs.  Regional  mobility  pools,  specialised  for 
former  banking  sector  workers  will  be  founded.  This  measure  will  provide 
work  experience  for  the  (re-trained)  workers  and  help  them  to  present 
themselves to new employers.  

– 

Entrepreneurship  promotion  training  and  coaching:  some  of  the  participants 
can  use  their  skills  and  experience  to  start  their  own  business.  This  measure 
will provide training and coaching to them, by developing their skills, drafting 

34 

Region in focus: Drenthe, UWV 2016 

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– 

– 

– 

a  sustainable  business  plan  and  by  guiding  them  through  the  legislative 
procedures. 

Training  and  re-training:  this  measure  will  provide  training,  re-training  and 
other  educational  facilities,  for  the  retail  sector  and  for  new  occupational 
profiles, such as transport, IT services, technical professions and others. 

Outplacement assistance: this measure will offer job orientation, job counseling 
and competence training. 

Entrepreneurship promotion grant: this measure will give a grant for covering 
investment  costs,  if  the  participant  will  obtain  the  necessary  skills  and  will 
have a sustainable business plan.  

29. 

30. 

The  proposed  actions,  here  described,  constitute  active  labour  market  measures 
within the eligible actions set out in Article 7 of the EGF Regulation. These actions 
do not substitute passive social protection measures. 

The Netherlands has provided the required information on actions that are mandatory 
for  the  enterprises  concerned  by  virtue  of  national  law  or  pursuant  to  collective 
agreements. They have confirmed that a financial contribution from the EGF will not 
replace such actions. 

Estimated budget 

31. 

The  estimated 
personalised  services  of  EUR 1 908 000  and  expenditure 
management, 
EUR 79 500. 

total  costs  are  EUR 1 987 500,  comprising  expenditure  for 
for  preparatory, 
information  and  publicity,  control  and  reporting  activities  of 

32. 

The total financial contribution requested from the EGF is EUR 1 192 500 (60 % of 
total costs). 

Actions 

Estimated 
number of 
participants 

Estimated cost 
per 
participant* 
(EUR) 

Estimated total 
costs 
(EUR)  

Personalised services (Actions under Article 7(1)(a) and (c) of the EGF Regulation) 

Intake (Intake) 

Job search assistance (Trajectbegeleiding 
reintegratie) 

Mobility pool (Mobiliteitspool) 

Entreprenurship promotion training and 
coaching (Promotie, cursussen en begeleiding 
ondernemerschap) 

Training and re-training (Scholing en 
cursussen)  

250 

450 

175 

20 

75 

1 152 

288 000 

900 

405 000 

3 200 

560 000 

2 000 

40 000 

3 500 

262 500 

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Outplacement assistance (Outplacement 
begeleiding) 

Entrepreneurship promotion grant (Toelage 
ondernemerschap) 

35 

20 

1 500 

52 500 

15 000 

300 000 

Sub-total (a): 
Percentage of the package of personalised 
services  

– 

Allowances and incentives (Actions under Article 7(1)(b) of the EGF Regulation) 

0 

0 

Sub-total (b): 
Percentage of the package of personalised 
services: 

Actions under Article 7(4) of the EGF Regulation 

1. Preparatory activities 

2. Management 

3. Information and publicity 

4. Control and reporting 

Sub-total (c): 
Percentage of the total costs : 

Total costs (a + b + c): 

EGF contribution (60 % of total costs) 

*: figures are rounded 

– 

– 

– 

– 

– 

– 

– 

– 

1 908 000 

(100 %) 

0 

0 

(100 %) 

0 

19 875 

39 750 

19 875 

79 500 

(4 %) 

1 987 500 

1 192 500 

33. 

The  Netherlands  confirmed  that  the  costs  of  investments  for  self-employment, 
business  start-ups  and  employee  take-overs  will  not  exceed  EUR 15 000  per 
beneficiary. 

Period of eligibility of expenditure 

34. 

35. 

The  Netherlands  started  providing  the  personalised  services  to  the  targeted 
beneficiaries  on  1  January  2018.  The  expenditure  on  the  actions  will  therefore  be 
eligible  for  a  financial  contribution  from  the  EGF  from  1  January  2018  to  23 
February 2020. 

The  Netherlands  started  incurring  the  administrative  expenditure  to  implement  the 
EGF on 1 October 2017. The expenditure for preparatory, management, information 
and  publicity,  control  and  reporting  activities  shall  therefore  be  eligible  for  a 
financial contribution from the EGF from 1 October 2017 to 23 August 2020. 

Complementarity with actions funded by national or Union funds 

36. 

The  sources  of  national  pre-financing  or  co-funding  are  the  funds  of  the  Employee 
Insurance Agency (UWV), the provinces, educational funds and of social partners. 

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37. 

The  Netherlands  has  confirmed  that  the  measures  described  above  receiving  a 
financial contribution from the EGF will not also receive financial contributions from 
other Union financial instruments. 

Procedures  for  consulting  the  targeted  beneficiaries  or  their  representatives  or  the  social 
partners as well as local and regional authorities 

38. 

39. 

The Netherlands has indicated that the co-ordinated package of personalised services 
has been drawn up in close consultation with stakeholders and social partners such as 
the  Dutch  Banking  Association  (NVB),  the  Dutch  Federation  for  Trade  Unions 
(FNV)  and  the  National  Christian  Trade  Union  Federation  (CNV),  especially 
concerning  the  drafting  of  the  coordinated  package  of  services  offered.  The  social 
partners  will  also  participate  in  the  steering  committee,  which  will  be  founded  to 
coordinate all the labour market measures. 

The  preparation  activities  included  meetings  with  sector  representatives,  the 
municipality of Leeuwarden and the three provinces. The concerning partners (social 
partners,  representatives  of  the  banking  sector)  together  with  the  UWV  made  an 
inventory of the nature and magnitude of the problem. A plan has been prepared for 
the redundant workers to increase their chances of reassignment. 

Management and control systems 

40. 

41. 

The application contains a description of the management and control system which 
specifies the responsibilities of the bodies involved. It is identical to the structure as 
for  ESF.  The  costs related  to  these activities  are  included  in  the  total  project  costs. 
The Netherlands has notified the Commission that the management will be done by 
the Implementation of Policy part of the Service, Collaboration and Implementation 
department (SZV; Ministry of Social Affairs and Employment). 

The  financial  control  will  be  done  by  the  General  Director  of  the  Netherlands 
Enterprise Agency (RVO) of the Ministry of Economic Affairs and Climate Policy as 
certifying authority. The independent audit authority will be the Central Government 
Audit Service (Ministry of Finance). 

42. 

As  regards  internal  control  and  accounting  systems,  the  provincial  Government  of 
Drenthe is obliged to keep verifiable administrative records, for audits. 

Commitments provided by the Member State concerned 

43. 

The Netherlands  has provided all necessary assurances regarding the following:  

– 

– 

– 

– 

– 

the principles of equality of treatment and non-discrimination will be respected 
in the access to the proposed actions and their implementation, 

the  requirements  laid  down  in  national  and  EU  legislation  concerning 
collective redundancies have been complied with, 

the proposed actions will not receive financial support from other Union funds 
or financial instruments and any double financing will be prevented, 

the  proposed  actions  will  be  complementary  with  actions  funded  by  the 
Structural Funds, 

the  financial  contribution  from  the  EGF  will  comply  with  the  procedural  and 
material Union rules on State aid. 

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BUDGETARY IMPLICATION 

Budgetary proposal 

44. 

45. 

46. 

The  EGF  shall  not  exceed  a  maximum  annual  amount  of  EUR 150 million  (2011 
prices),  as  laid  down  in  Article 12  of  Council  Regulation  (EU,  Euratom) 
No 1311/2013  of  2  December  2013  laying  down  the  multiannual  financial 
framework for the years 2014-202035. 

Having examined the application in respect of the conditions set out in Article 13(1) 
of  the  EGF  Regulation,  and  having  taken  into  account  the  number  of  targeted 
beneficiaries, the proposed actions and the estimated costs, the Commission proposes 
to mobilise the EGF for the amount of EUR 1 192 500, representing 60 % of the total 
costs  of  the  proposed  actions,  in  order  to  provide  a  financial  contribution  for  the 
application. 

The  proposed  decision  to  mobilise  the  EGF  will  be  taken  jointly  by  the  European 
Parliament  and  the  Council,  as  laid  down  in  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 management36. 

Related acts 

47. 

48. 

At the same time as it presents this proposal for a decision to mobilise the EGF, the 
Commission will present to the European Parliament and to the Council a proposal 
for a transfer to the relevant budgetary line for the amount of EUR 1 192 500. 

At the same time as  it  adopts this  proposal for a  decision to mobilise the  EGF, the 
Commission  will  adopt  a  decision  on  a  financial  contribution,  by  means  of  an 
implementing  act,  which  will  enter  into  force  on  the  date  at  which  the  European 
Parliament and the Council adopt the proposed decision to mobilise the EGF. 

35 
36 

OJ L 347, 20.12.2013, p. 884. 
OJ C 373, 20.12.2013, p. 1. 

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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 the Netherlands – EGF/2018/001 NL/Financial service activities 

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, 

Having regard to the Treaty on the Functioning of the European Union, 

Having  regard  to  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 1927/200637, and in particular Article 15(4) thereof, 

Having regard to 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 management38, and in particular point 13 thereof, 

Having regard to the proposal from the European Commission, 

Whereas: 

(1) 

(2) 

(3) 

37 
38 
39 

40 

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. 

The  EGF  is  not  to  exceed  a  maximum  annual  amount  of  EUR 150  million  (2011 
in  Article 12  of  Council  Regulation  (EU,  Euratom) 
prices),  as 
No 1311/201339. 

laid  down 

On 23 February 2018 the Netherlands submitted an application to mobilise the EGF, in 
respect  of  redundancies  in  the  economic  sector  classified  under  the  Statistical 
classification of economic activities in the European Community ('NACE') Revision 2 
Division  the  NACE  Revision  2  Division  64  (Financial  service  activities,  except 
insurance and pension funding) in the Nomenclature of Territorial Units for Statistics 
('NUTS')40  level  2  regions  of  NL  12  -  Friesland,  NL  13  -  Drenthe  and  NL  21  - 
Overijssel in the Netherlands. It was supplemented by additional information provided 
in  accordance  with  Article 8(3)  of  Regulation  (EU)  No 1309/2013.  That  application 
complies with the requirements for determining a financial contribution from the EGF 
as laid down in Article 13 of Regulation (EU) No 1309/2013. 

OJ L 347, 20.12.2013, p. 855. 
OJ C 373, 20.12.2013, p. 1. 
Council  Regulation  (EU,  Euratom)  No 1311/2013  of  2  December  2013  laying  down  the  multiannual 
financial framework for the years 2014-2020 (OJ L 347, 20.12.2013, p. 884). 
Commission  Regulation  (EU)  No 1046/2012  of  8 November  2012  implementing  Regulation  (EC) 
No 1059/2003  of  the  European  Parliament  and  of  the  Council  on  the  establishment  of  a  common 
classification of territorial units for statistics (NUTS) as regards the transmission of the time series for 
the new regional breakdown (OJ L 310, 9.11.2012, p. 34). 

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(4) 

(5) 

The EGF should, therefore, be mobilised in order to provide a financial contribution of 
EUR 1 192 500 in respect of the application submitted by the Netherlands. 

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

HAVE ADOPTED THIS DECISION:  

For the general budget of the Union for the financial year 2018, the European Globalisation 
Adjustment Fund shall be mobilised to provide the amount of EUR 1 192 500 in commitment 
and payment appropriations. 

Article 1 

Article 2 

This Decision shall enter into force on the day of its publication in the Official Journal of the 
European Union. It shall apply from [the date of its adoption]. 

Done at Brussels, 

For the European Parliament 
The President 

For the Council 
The President 

  

Date to be inserted by the Parliament before the publication in OJ. 

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