Press Release: Employment: Commission proposes €7.2 million from Globalisation Fund for former workers of the clothing retail chain Sprider Stores in Greece

The European Commission proposed to provide Greece with €7.2 million from the European Globalisation Adjustment Fund (EGF) to help 761 former workers of the clothing retail chain Sprider Stores to find new jobs, and to extend its support to 505 young people not in employment, education or training (NEETs). Most of the redundancies happened in the regions of Attica and Central Macedonia. The proposal then went to the European Parliament and the EU's Council of Ministers for approval.

Greece applied for support from the EGF following the dismissal of 761 workers in Sprider Stores S.A. These job losses were the result of the global financial and economic crisis which has deeply affected the Greek economy.