Press Release: Employment: Commission proposes €6 million from Globalisation Fund to support jobs following bakery closure in Greece

On 25 June 2014, the European Commission proposed to provide Greece with €6 million from the European Globalisation Adjustment Fund (EGF) to help 508 former workers of the bakery manufacturer Nutriart and its providers and downstream producers to find new jobs, as well as 505 young people not in employment, education or training (NEETs).

This is the first application for EGF assistance presented under the new EGF Regulation, which offers the possibility of providing NEETs with EGF support up to a number equal to the number of redundant workers supported. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.

• Primary Source

ESO: Key Source: European Globalisation Adjustment Fund (EGF) http://www.europeansources.info/record/website-the-european-globalisation-adjustment-fund-egf/

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