Press Release: Employment: Commission proposes €6.4 million from Globalisation Fund for former workers of the Fokas department stores in Greece

The European Commission proposed on the 11 November 2014 to provide Greece with €6.4m from the European Globalisation Adjustment Fund (EGF) to help 600 former workers of the Fokas department stores to find new jobs, and to extend its support to 500 young people not in employment, education or training (NEETs). Most of the redundancies happened in the regions of Attica, Central Macedonia and Thessaly. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.

Greece applied for support from the EGF following the dismissal of 600 workers in Odyssefs Fokas S.A. These job losses were the result of the global financial and economic crisis which has deeply affected the Greek economy.

• Primary Source

European Commission: DG Employment, Social Affairs and Equal Opportunities: The European Globalisation Adjustment Fund (EGF) http://ec.europa.eu/social/main.jsp?catId=326&langId=en

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