This Regulation establishes a European Globalisation adjustment Fund, hereinafter referred to as "the EGF", to enable the Community to provide support for workers made redundant as a result of major structural changes in the world market where these redundancies have a significant adverse impact on the national, regional or local economy or on a specific sector of the economy .
This Regulation establishes a European Globalisation adjustment Fund, hereinafter referred to as "the EGF", to enable the Community to provide support for workers made redundant as a result of major structural changes in the world market where these redundancies have a significant adverse impact on the national, regional or local economy or on a specific sector of the economy .