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Commission Proposes €6 Million to Support Bakery in Greece

bakeryThe European Commission has proposed to supply Greece with 6 million euros from the European Globalisation Adjustment Fund (EGF) in order to help 508 former workers of the bakery manufacturer Nutriart and its providers and to stimulate young people who are unemployed,  with education or training (NEETs) to find a job. 

This initiative offers the possibility of providing NEETs with EGF support up to a number equal to the number of redundant workers supported. The proposal will be submitted to the European Parliament and the EU’s Council of Ministers for approval.

The EU Commissioner for Employment, Social Affairs and Inclusion László Andor said: “I am happy the Commission has responded positively to Greece’s request for EGF support to provide occupational guidance, counselling, training, and further support to the redundant workers, along with young people not in employment, education or training”. “Today’s decision will help to prepare over 1,000 people for new jobs and first job opportunities,” he added. 

The EGF support will help the workers and the NEETs find new jobs by providing them with occupational guidance, vocational training, specific counselling services towards entrepreneurship, contributions to business start-ups and a variety of allowances. The total support is estimated at 10 million euros, of which the EGF would provide 6 million.

Nutriart S.A. recorded a 74.5 % drop in income in the period 2010-2012 due to a decrease in demand since the beginning of the financial crisis in 2008.

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