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 Greece – EGF/2018/003 EL/Attica publishing

11. On 22 May 2018, Greece submitted application EGF/2018/003 EL/Attica publishing for a financial contribution from the EGF, following 550 redundancies from Lambrakis Press, Ethnos Publications and Pegasus Magazines Publications in the Attica region. The redundancies occurred in the nine months following 29 May 2017.

12. In its application, Greece states that since the financial and economic crisis, rising unemployment and decreasing wages in the country have led to declining household income. This has led to decreasing consumption – particularly of non-essential goods. Consequently, the sales of newspapers and periodicals has fallen, with the issue exacerbated by the rise of online media. Specifically, the redundancies referenced in this application area result of declining advertising revenues for print publishing.

13. It is envisaged that all 550 redundant workers will participate in the active labour market policy measures proposed in the application to assist the workers made redundant, through a package of personalised services. Actions will include: training and retraining (including allowances), business start-up contributions, job-search support and offering hiring incentives to employers .

14. Following assessment of Greece’s 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. The Commission proposes to mobilise the EGF for the amount of €2,308,500 (£2,048,332). This represents 60% of the total costs of the proposed actions

Topic  EU Funds 
Department  HMT 
Council Reference  12859/18 
COM Reference  COM(18)667 
SEC Reference   
PE Cons   
C Reference   

Associated file(s)

  1. 12859/18 - 1 MB - pdf
  2. EM 12589/18 - 245 KB - pdf

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