{"change_dates":[],"dossier":{"amendments":[{"authors":"Georgios Kyrtsos","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-1","location":[["Motion for a resolution","Paragraph 2"]],"meps":[125063],"meta":{"created":"2019-07-03T06:08:51"},"new":["2. Notes that the Greek authorities, taking","into strong consideration the multiple","benefits of this valuable budgetary","instrument, submitted the application for","EGF financial contribution on 6 June 2014,","and that its assessment was made available","by the Commission on 7 October 2014;","welcomes the speedy evaluation of less","than five months;"],"old":["2. Notes that the Greek authorities","submitted the application for EGF financial","contribution on 6 June 2014, and that its","assessment was made available by the","Commission on 7 October 2014; welcomes","the speedy evaluation of less than five","months;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"1","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-2","location":[["Motion for a resolution","Paragraph 2 a (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:51"},"new":["2a. Agrees with the Commission that the","intervention criteria set out in Article","4(1)(a) of the EGF Regulation are met","and that, therefore, Greece is entitled to a","financial contribution under the EGF","Regulation;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"2","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Victor Negrescu","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-3","location":[["Motion for a resolution","Paragraph 4"]],"meps":[88882],"meta":{"created":"2019-07-03T06:08:51"},"new":["Notes that to date, the retail sector has been","the subject of another three EGF","applications also based on the global","financial and economic crisis; in this","respect recommends the Commission to","evaluate the results of the other three","EGF applications, to have a better view of","the situation and to find out which of the","reintegration programmes offered the best","results in order to make better use of them","in the future."],"old":["4. Notes that to date, the retail sector has","been the subject of another three EGF","applications also based on the global","financial and economic crisis;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"3","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Georgios Kyrtsos","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-4","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[125063],"meta":{"created":"2019-07-03T06:08:52"},"new":["5. Notes that these redundancies will","further aggravate the unemployment","situation in the country, which already","deteriorated as a result of the economic and","financial crisis and is the highest","unemployment rate amongst the Member","states; welcomes, however, the fact that","during the last months unemployment","rate has stopped rising;"],"old":["5. Notes that these redundancies will","further aggravate the unemployment","situation in the country, which already","deteriorated as a result of the economic and","financial crisis and is the highest","unemployment rate amongst the Member","states;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"4","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-5","location":[[" Motion for a resolution","Paragraph 6a (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["6a. Notes that the Greek authorities","decided to provide personalised services","co-financed by the EGF to up to 550","NEETs under the age of 30; notes that in","order to select the targeted NEETs, the","Greek authorities will use concrete","criteria aligned with those included in the","Greek Youth Guarantee Implementation","Plan (among others risk of exclusion,","household income, education level,","duration of unemployment), as well as","expression of interests; notes, that for a","first time in an application under the new","Regulation, some information is given","about the selection of the NEETs to be","included in the supporting measures; calls","on the Greek authorities to bear in mind","the social criteria and to ensure that the","selection of the recipients of EGF support","fully respects the principles of non-","discrimination and equal opportunities;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"5","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-6","location":[["Motion for a resolution","Paragraph 6 b (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["6b. Considers that the information and","publicity actions supported under this","EGF application should result in a better","awareness about the EGF contribution,","and should also be successful in","addressing the young unemployed in","order to facilitate the selection procedure","with expression of interest;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"6","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-7","location":[[" Motion for a resolution","Paragraph 6 c (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["6c. Reminds that the proposed actions","should be adapted to take into account the","differences between the needs of","dismissed workers and selected NEETs;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"7","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Victor Negrescu","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-8","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[88882],"meta":{"created":"2019-07-03T06:08:52"},"new":["8. Notes that the Greek authorities have","indicated that the co-ordinated package of","personalised services has been drawn up in","consultation with the representatives of the","targeted beneficiaries and the Federation of","private employees in Greece and that the","proposed application was discussed at two","meetings in May 2014 with the social","partners which were consulted on various","issues related to the contents of the","integrated package of measures; further on","recommends the Commission to make an","evaluation of the content of the integrated","package of measures and what will be the","expected outcome of those packages, to","what it extend it corresponds to the","conclusion of the consultations, and to","compare it with the evaluation referred to","in paragraph 4, to have a better view of","the situation and to find out which","package of measures offers the best result."],"old":["8. Notes that the Greek authorities have","indicated that the co-ordinated package of","personalised services has been drawn up in","consultation with the representatives of the","targeted beneficiaries and the Federation of","private employees in Greece and that the","proposed application was discussed at two","meetings in May 2014 with the social","partners which were consulted on various","issues related to the contents of the","integrated package of measures;",""],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"8","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Georgios Kyrtsos","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-9","location":[["Motion for a resolution","Paragraph 9"]],"meps":[125063],"meta":{"created":"2019-07-03T06:08:52"},"new":["9.Notes that the personalised services","which are to be provided to workers made","redundant as well as the 550 NEETs","consist of the following actions which","combine to form a co-ordinated package of","personalised services: occupational","guidance and career planning supports,","training, retraining and vocational training,","contribution to business start-up, job-","search allowance and training allowance,","mobility allowance; these services aim to","help the targeted beneficiaries to identify","their own skills and to establish a realistic","career plan, and are conditional on their","active participation in job-search or","training activities."],"old":["9. Notes that the personalised services","which are to be provided to workers made","redundant consist of the following actions","which combine to form a co-ordinated","package of personalised services:","occupational guidance and career planning","supports, training, retraining and","vocational training, contribution to","business start-up, job-search allowance and","training allowance, mobility allowance;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"9","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-10","location":[["Motion for a resolution","Paragraph 9 a (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["9a. Notes that the maximum eligible","amount of EUR 15 000 will be granted to","200 selected workers and NEETs as","contribution to setting up their own","businesses; underlines that the aim of this","measure is to promote entrepreneurship","by providing funding to viable business","initiatives, which should result in the","creation of further workplaces in the","medium term; notes that this maximum","eligible amount will be granted upon","specific conditions and viability of the","supported business start-ups;"],"old":[""],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"10","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-11","location":[[" Motion for a resolution","Paragraph 9 b (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["9b. Notes that the income supports","measures will be strictly limited to a","maximum amount of 35% of the overall","package of personalised measures, as set","out in the EGF Regulation; and that these","actions are conditional on the active","participation of the targeted beneficiaries","in job-search or training activities;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"11","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":" Victor Negrescu","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-12","location":[[" Motion for a resolution","Paragraph 10"]],"meps":[88882],"meta":{"created":"2019-07-03T06:08:52"},"new":["10. Welcomes that the principles of","equality of treatment and non-","discrimination will be respected in the","access to the proposed actions and their","implementation; in this respect","recommends the Commission to make an","evaluation of the family income and","assets of the EGF applicants to offer","better support to those in real need."],"old":["10. Welcomes that the principles of","equality of treatment and non-","discrimination will be respected in the","access to the proposed actions and their","","implementation"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"12","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"},{"authors":"Marita Ulvskog, Monika Vana on behalf of the Committee on Employment and Social Affairs","changes":{},"committee":["BUDG"],"date":"2014-10-23T00:00:00","id":"PE541.382-13","location":[["Motion for a resolution","Paragraph 10 a (new)"]],"meps":[96672,124934],"meta":{"created":"2019-07-03T06:08:52"},"new":["10a. Reminds that in line with Article 7 of","the EGF Regulation, the design of the","coordinated package of personalised","services should anticipate future labour","market perspectives and required skills","and should be compatible with the shift","towards a resource-efficient and","sustainable economy;"],"orig_lang":"en","peid":"PE541.382v01-00","reference":"2014/2107(BUD)","seq":"13","src":"http://www.europarl.europa.eu/doceo/document/BUDG-AM-541382_EN.pdf"}],"changes":{"2014-10-10T20:10:29":[{"data":[{"body":"EC","commission":[],"date":"2014-10-07T00:00:00","docs":[{"title":"COM(2014)0620","type":"Non-legislative basic document published","url":"http://www.europarl.europa.eu/registre/docs_autres_institutions/commission_europeenne/com/2014/0620/COM_COM(2014)0620_EN.pdf"}],"type":"Non-legislative basic document published"},{"body":"EP","date":"2014-11-26T00:00:00","type":"Indicative plenary sitting date, 1st reading/single reading"}],"path":["activities"],"type":"added"},{"data":[],"path":["other"],"type":"added"},{"data":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"2014-10-07T00:00:00","rapporteur":[{"group":"S&D","mepref":"53b2de13b819f205b00000e2","name":"NEGRESCU Victor"}],"responsible":true},{"body":"EP","committee":"EMPL","committee_full":"Employment and Social Affairs","responsible":false},{"body":"EP","committee":"REGI","committee_full":"Regional Development","responsible":false}],"path":["committees"],"type":"added"},{"data":{},"path":["links"],"type":"added"},{"data":{"geographical_area":["Greece"],"reference":"2014/2107(BUD)","stage_reached":"Preparatory phase in Parliament","subject":["3.40.17 Manufactured goods","4.15.05 Industrial restructuring, job losses, redundancies, relocations","8.70.54 2014 budget"],"subtype":"Mobilisation of funds","title":"Mobilisation of the European Globalisation Adjustment Fund: redundancies in the retail sector in Greece","type":"BUD - Budgetary procedure"},"path":["procedure"],"type":"added"}],"2014-10-14T01:58:00":[{"data":"CELEX:52014PC0620:EN","path":["activities",0,"docs",0,"celexid"],"type":"added"}],"2014-10-16T01:50:23":[{"data":["2014-11-26T00:00:00","2014-11-13T00:00:00"],"path":["activities",1,"date"],"type":"changed"}],"2014-10-23T04:09:49":[{"data":{"body":"EP","committees":[{"body":"EP","committee":"BUDG","committee_full":"Budgets","date":"2014-10-07T00:00:00","rapporteur":[{"group":"S&D","mepref":"53b2de13b819f205b00000e2","name":"NEGRESCU Victor"}],"responsible":true},{"body":"EP","committee":"EMPL","committee_full":"Employment and Social Affairs","responsible":false},{"body":"EP","committee":"REGI","committee_full":"Regional Development","responsible":false}],"date":"2014-10-20T00:00:00","type":"Committee referral announced in Parliament, 1st reading/single reading"},"path":["activities",1],"type":"added"},{"data":"BUDG/8/01542","path":["procedure","dossier_of_the_committee"],"type":"added"},{"data":["Preparatory phase in Parliament","Awaiting committee decision"],"path":["procedure","stage_reached"],"type":"changed"}],"2014-10-24T03:58:10":[{"data":["
PURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) to assist Greece in dealing with redundancies\nin its retail sector.
\nPROPOSED ACT: Decision of the European Parliament and\nof the Council.
\nCONTENT: Article 12 of Council Regulation (EU,\nEuratom) No 1311/2013 laying down the multiannual financial framework for the\nyears 2014-2020 provides that the EGF shall not\nexceed a maximum annual amount of EUR 150 million (2011\nprices).
\nThe rules applicable to financial contributions from\nthe European Globalisation Adjustment Fund (EGF) are laid down in\nRegulation (EU) No 1309/2013\nof the European Parliament and of the Council on the European\nGlobalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/2006\n(the 'EGF Regulation').
\nThe Commission examined the application for\nmobilisation of the EGF to assist Ireland and concluded the\nfollowing:
\nGreece:\nEGF/2014/009 EL/Sprider Stores: on 6\nJune 2014, the Greek authorities submitted application EGF/2014/009\nEL/Sprider Stores for a financial contribution from the EGF,\nfollowing redundancies in Sprider Stores S.A. in Greece. They\nsubmitted the application within 12 weeks of the date on\nwhich the intervention criteria were met, which expired on 6 June\n2014.
\nIn order to establish the link between the\nredundancies and the global financial and economic crisis addressed\nin Regulation (EC) No 546/2009, Greece argues that the Greek\neconomy is for the sixth consecutive year (2008-2013) in deep\nrecession.
\nAccording to the Greek authorities, the events giving\nrise to the redundancies were mainly two: (1) the decrease of\navailable household income ― due to the increase in the tax\nburden, decreasing salaries (of both private and public employees)\nand rising unemployment ― resulting in a huge drop of\npurchasing power; (2) the drastic reduction of loans to enterprises\nand individuals due to the lack of cash in the Greek\nbanks.
\nTo date, the retail sector has been the subject of\nanother three EGF applications also based\non the global financial and economic crisis
\nSince Sprider Stores was present in all Greek regions,\nthe redundancies are spread out over the whole Greece. The Greek\nauthorities argue that the redundancies in Sprider Stores will\nfurther aggravate the unemployment situation, which already\ndeteriorated as a result of the economic and financial crisis and\nseems to be particularly fragile. Greece has the highest\nunemployment rates amongst EU Member States.
\nBackground to the request from Greece: the Greek authorities submitted the application\nunder the intervention criterion of Article 4(1)(a) of the EGF\nRegulation, which requires at least 500 workers being made\nredundant or self-employed persons' activity ceasing, over a\nreference period of four months in an enterprise in a Member State,\nincluding workers made redundant or self-employed persons' activity\nceasing in its suppliers and downstream producers.
\nThe application relates to 761 workers made redundant\nin Sprider Stores S.A. an enterprise which operated in the economic\nsector classified under NACE Rev. 2 division 47 ('Retail trade,\nexcept of motor vehicles and motorcycles'). The stores were mainly\nlocated in the NUTS level 2 regions of\nCentral Macedonia (EL12) and Attica (EL30).
\nThe reference period of four months is from 17\nNovember 2013 to 17 March 2014.
\nFollowing its assessment of this application, the\nCommission has concluded, in accordance with all applicable\nprovisions of the EGF Regulation, that the conditions for awarding\na financial contribution from the EGF are met.
\nThe Commission proposes to mobilise the EGF for the\namount of EUR 7 290 900 to make a contribution to the\npackage of personalised services.
\nBUDGETARY IMPLICATION: having examined the application\nin respect of the conditions set out in Article 13(1) of the EGF\nRegulation, and having taken into account the number of targeted\nbeneficiaries, the proposed actions and the estimated costs, the\nCommission proposes to mobilise the EGF for the amount of EUR 7 290\n900, representing 60 % of the total costs of the proposed actions,\nin order to provide a financial contribution for the\napplication.
\nThe proposed decision to mobilise the EGF will be\ntaken jointly by the European Parliament and the Council, as laid\ndown in point 13 of the Interinstitutional Agreement\nof 2 December 2013 between the European Parliament, the Council and\nthe Commission on budgetary discipline, on cooperation in budgetary\nmatters and on sound financial management.
\nThe Commission will present to the European Parliament\nand to the Council a proposal for a transfer to the relevant\nbudgetary line for the requested amount.
\nAt the same time as it adopts this proposal for a\ndecision to mobilise the EGF, the Commission will adopt a decision\non a financial contribution, by means of an implementing act, which\nwill enter into force on the date at which the European Parliament\nand the Council adopt the proposed decision to mobilise the\nEGF.
\nThe Committee on Budgets adopted the report by Victor\nNEGRESCU (S&D, RO) on the proposal for a decision of the\nEuropean Parliament and of the Council on the mobilisation of the\nEuropean Globalisation Adjustment Fund, to the amount of EUR 7\n290 900 in commitment and payment appropriations in order to\nassist Greece following redundancies in the retail\nsector.
\nMembers recalled that the Union set up legislative and\nbudgetary instruments to provide additional support to workers who\nare suffering from the consequences of major structural changes in\nworld trade patterns and to assist their reintegration into the\nlabour market.
\nGreek application:\nGreece submitted application EGF/2014/009 EL/Sprider Stores for a\nfinancial contribution from the EGF, following the dismissal of 761\nworkers, with all of the 761 dismissed workers expected to\nparticipate in the measures, in Sprider Stores S.A., an enterprise\nwhich operated in the retail sector in the regions of Central\nMacedonia and Attica of Greece.
\nThe reference period was between 17 November 2013 and\n17 March 2014.
\nMembers agreed with the Commission that the\nintervention criteria set out in Article 4(1)(a) of the EGF\nRegulation are met and that, therefore, Greece is entitled to a\nfinancial contribution under that Regulation.
\nMembers also welcomed the speedy evaluation by the\nCommission of less than five months.
\nThey welcomed the fact that, in order to provide\nworkers with speedy assistance, the Greek authorities decided to\ninitiate the implementation of the personalised services to the\naffected workers on 1 September 2014, ahead of the final decision\non granting the EGF support for the proposed coordinated\npackage.
\nCoordinated package of personalised\nservices: the personalised services\nwhich are to be provided to workers made redundant consist of the\nfollowing actions which combine to form a co-ordinated package of\npersonalised services: occupational guidance and career planning\nsupports, training, retraining and vocational training,\ncontribution to business start-up, job-search allowance and\ntraining allowance, mobility allowance.
\nNew EGF: Members noted\nthat the income supports measures will be strictly limited to a\nmaximum amount of 35% of the overall package of personalised\nmeasures, as set out in the EGF Regulation and that these actions\nare conditional on the active participation of the targeted\nbeneficiaries in job-search or training activities.
\nThey welcomed the adoption of the EGF Regulation which\nreflects the agreement reached between the Parliament and the\nCouncil to reintroduce the crisis mobilisation criterion, to\nincrease Union financial contribution to 60% of the total estimated\ncost of proposed measures, to increase efficiency for the treatment\nof EGF applications in the Commission and by the Parliament and the\nCouncil by shortening time for assessment and approval, to widen\neligible actions and beneficiaries by introducing self-employed\npersons and young people and to finance incentives for setting up\nown businesses.
\nLastly, they recalled that in line with Article 7 of\nthe EGF Regulation, the design of the coordinated package of\npersonalised services should be compatible with the shift towards a\nresource-efficient and sustainable economy.
\nPURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) to assist Greece in dealing with redundancies\nin its retail sector.
\nPROPOSED ACT: Decision of the European Parliament and\nof the Council.
\nCONTENT: Article 12 of Council Regulation (EU,\nEuratom) No 1311/2013 laying down the multiannual financial framework for the\nyears 2014-2020 provides that the EGF shall not\nexceed a maximum annual amount of EUR 150 million (2011\nprices).
\nThe rules applicable to financial contributions from\nthe European Globalisation Adjustment Fund (EGF) are laid down in\nRegulation (EU) No 1309/2013\nof the European Parliament and of the Council on the European\nGlobalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/2006\n(the 'EGF Regulation').
\nThe Commission examined the application for\nmobilisation of the EGF to assist Ireland and concluded the\nfollowing:
\nGreece:\nEGF/2014/009 EL/Sprider Stores: on 6\nJune 2014, the Greek authorities submitted application EGF/2014/009\nEL/Sprider Stores for a financial contribution from the EGF,\nfollowing redundancies in Sprider Stores S.A. in Greece. They\nsubmitted the application within 12 weeks of the date on\nwhich the intervention criteria were met, which expired on 6 June\n2014.
\nIn order to establish the link between the\nredundancies and the global financial and economic crisis addressed\nin Regulation (EC) No 546/2009, Greece argues that the Greek\neconomy is for the sixth consecutive year (2008-2013) in deep\nrecession.
\nAccording to the Greek authorities, the events giving\nrise to the redundancies were mainly two: (1) the decrease of\navailable household income ― due to the increase in the tax\nburden, decreasing salaries (of both private and public employees)\nand rising unemployment ― resulting in a huge drop of\npurchasing power; (2) the drastic reduction of loans to enterprises\nand individuals due to the lack of cash in the Greek\nbanks.
\nTo date, the retail sector has been the subject of\nanother three EGF applications also based\non the global financial and economic crisis
\nSince Sprider Stores was present in all Greek regions,\nthe redundancies are spread out over the whole Greece. The Greek\nauthorities argue that the redundancies in Sprider Stores will\nfurther aggravate the unemployment situation, which already\ndeteriorated as a result of the economic and financial crisis and\nseems to be particularly fragile. Greece has the highest\nunemployment rates amongst EU Member States.
\nBackground to the request from Greece: the Greek authorities submitted the application\nunder the intervention criterion of Article 4(1)(a) of the EGF\nRegulation, which requires at least 500 workers being made\nredundant or self-employed persons' activity ceasing, over a\nreference period of four months in an enterprise in a Member State,\nincluding workers made redundant or self-employed persons' activity\nceasing in its suppliers and downstream producers.
\nThe application relates to 761 workers made redundant\nin Sprider Stores S.A. an enterprise which operated in the economic\nsector classified under NACE Rev. 2 division 47 ('Retail trade,\nexcept of motor vehicles and motorcycles'). The stores were mainly\nlocated in the NUTS level 2 regions of\nCentral Macedonia (EL12) and Attica (EL30).
\nThe reference period of four months is from 17\nNovember 2013 to 17 March 2014.
\nFollowing its assessment of this application, the\nCommission has concluded, in accordance with all applicable\nprovisions of the EGF Regulation, that the conditions for awarding\na financial contribution from the EGF are met.
\nThe Commission proposes to mobilise the EGF for the\namount of EUR 7 290 900 to make a contribution to the\npackage of personalised services.
\nBUDGETARY IMPLICATION: having examined the application\nin respect of the conditions set out in Article 13(1) of the EGF\nRegulation, and having taken into account the number of targeted\nbeneficiaries, the proposed actions and the estimated costs, the\nCommission proposes to mobilise the EGF for the amount of EUR 7 290\n900, representing 60 % of the total costs of the proposed actions,\nin order to provide a financial contribution for the\napplication.
\nThe proposed decision to mobilise the EGF will be\ntaken jointly by the European Parliament and the Council, as laid\ndown in point 13 of the Interinstitutional Agreement\nof 2 December 2013 between the European Parliament, the Council and\nthe Commission on budgetary discipline, on cooperation in budgetary\nmatters and on sound financial management.
\nThe Commission will present to the European Parliament\nand to the Council a proposal for a transfer to the relevant\nbudgetary line for the requested amount.
\nAt the same time as it adopts this proposal for a\ndecision to mobilise the EGF, the Commission will adopt a decision\non a financial contribution, by means of an implementing act, which\nwill enter into force on the date at which the European Parliament\nand the Council adopt the proposed decision to mobilise the\nEGF.
\nPURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) to assist Greece in dealing with redundancies\nin its retail sector.
\nPROPOSED ACT: Decision of the European Parliament and\nof the Council.
\nCONTENT: Article 12 of Council Regulation (EU,\nEuratom) No 1311/2013 laying down the multiannual financial framework for the\nyears 2014-2020 provides that the EGF shall not\nexceed a maximum annual amount of EUR 150 million (2011\nprices).
\nThe rules applicable to financial contributions from\nthe European Globalisation Adjustment Fund (EGF) are laid down in\nRegulation (EU) No 1309/2013\nof the European Parliament and of the Council on the European\nGlobalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/2006\n(the 'EGF Regulation').
\nThe Commission examined the application for\nmobilisation of the EGF to assist Ireland and concluded the\nfollowing:
\nGreece:\nEGF/2014/009 EL/Sprider Stores: on 6\nJune 2014, the Greek authorities submitted application EGF/2014/009\nEL/Sprider Stores for a financial contribution from the EGF,\nfollowing redundancies in Sprider Stores S.A. in Greece. They\nsubmitted the application within 12 weeks of the date on\nwhich the intervention criteria were met, which expired on 6 June\n2014.
\nIn order to establish the link between the\nredundancies and the global financial and economic crisis addressed\nin Regulation (EC) No 546/2009, Greece argues that the Greek\neconomy is for the sixth consecutive year (2008-2013) in deep\nrecession.
\nAccording to the Greek authorities, the events giving\nrise to the redundancies were mainly two: (1) the decrease of\navailable household income ― due to the increase in the tax\nburden, decreasing salaries (of both private and public employees)\nand rising unemployment ― resulting in a huge drop of\npurchasing power; (2) the drastic reduction of loans to enterprises\nand individuals due to the lack of cash in the Greek\nbanks.
\nTo date, the retail sector has been the subject of\nanother three EGF applications also based\non the global financial and economic crisis
\nSince Sprider Stores was present in all Greek regions,\nthe redundancies are spread out over the whole Greece. The Greek\nauthorities argue that the redundancies in Sprider Stores will\nfurther aggravate the unemployment situation, which already\ndeteriorated as a result of the economic and financial crisis and\nseems to be particularly fragile. Greece has the highest\nunemployment rates amongst EU Member States.
\nBackground to the request from Greece: the Greek authorities submitted the application\nunder the intervention criterion of Article 4(1)(a) of the EGF\nRegulation, which requires at least 500 workers being made\nredundant or self-employed persons' activity ceasing, over a\nreference period of four months in an enterprise in a Member State,\nincluding workers made redundant or self-employed persons' activity\nceasing in its suppliers and downstream producers.
\nThe application relates to 761 workers made redundant\nin Sprider Stores S.A. an enterprise which operated in the economic\nsector classified under NACE Rev. 2 division 47 ('Retail trade,\nexcept of motor vehicles and motorcycles'). The stores were mainly\nlocated in the NUTS level 2 regions of\nCentral Macedonia (EL12) and Attica (EL30).
\nThe reference period of four months is from 17\nNovember 2013 to 17 March 2014.
\nFollowing its assessment of this application, the\nCommission has concluded, in accordance with all applicable\nprovisions of the EGF Regulation, that the conditions for awarding\na financial contribution from the EGF are met.
\nThe Commission proposes to mobilise the EGF for the\namount of EUR 7 290 900 to make a contribution to the\npackage of personalised services.
\nBUDGETARY IMPLICATION: having examined the application\nin respect of the conditions set out in Article 13(1) of the EGF\nRegulation, and having taken into account the number of targeted\nbeneficiaries, the proposed actions and the estimated costs, the\nCommission proposes to mobilise the EGF for the amount of EUR 7 290\n900, representing 60 % of the total costs of the proposed actions,\nin order to provide a financial contribution for the\napplication.
\nThe proposed decision to mobilise the EGF will be\ntaken jointly by the European Parliament and the Council, as laid\ndown in point 13 of the Interinstitutional Agreement\nof 2 December 2013 between the European Parliament, the Council and\nthe Commission on budgetary discipline, on cooperation in budgetary\nmatters and on sound financial management.
\nThe Commission will present to the European Parliament\nand to the Council a proposal for a transfer to the relevant\nbudgetary line for the requested amount.
\nAt the same time as it adopts this proposal for a\ndecision to mobilise the EGF, the Commission will adopt a decision\non a financial contribution, by means of an implementing act, which\nwill enter into force on the date at which the European Parliament\nand the Council adopt the proposed decision to mobilise the\nEGF.
\nThe European Parliament adopted by 573 votes to 75,\nwith 15 abstentions, a resolution on the proposal for a decision of\nthe European Parliament and of the Council on the mobilisation of\nthe European Globalisation Adjustment Fund to the amount of EUR\n7 290 900 in commitment and payment appropriations in order to\nassist Greece following redundancies in the retail\nsector.
\nParliament recalled that the Union set up legislative\nand budgetary instruments to provide additional support to workers\nwho are suffering from the consequences of major structural changes\nin world trade patterns and to assist their reintegration into the\nlabour market.
\nGreek application:\nGreece submitted application EGF/2014/009 EL/Sprider Stores for a\nfinancial contribution from the EGF, following the dismissal of 761\nworkers, with all of the 761 dismissed workers expected to\nparticipate in the measures, in Sprider Stores S.A., an enterprise\nwhich operated in the retail sector in the regions of Central\nMacedonia and Attica of Greece.
\nThe reference period was between 17 November 2013 and\n17 March 2014.
\nParliament agreed with the Commission that the\nintervention criteria set out in Article 4(1)(a) of the EGF\nRegulation are met and that, therefore, Greece is entitled to a\nfinancial contribution under that Regulation.
\nParliament also welcomed the speedy evaluation by the\nCommission of less than five months. It welcomed the fact that, in\norder to provide workers with speedy assistance, the Greek\nauthorities decided to initiate the implementation of the\npersonalised services to the affected workers on 1 September 2014,\nahead of the final decision on granting the EGF support for the\nproposed coordinated package.
\nNature of the redundancies: Parliament agreed that the crisis resulted in a huge\ndrop of purchasing power and the drastic reduction in loans to\nenterprises and individuals due to the lack of cash in the Greek\nbanks. It noted that, to date, the retail sector has been the\nsubject of another three EGF applications also based on the global\nfinancial and economic crisis.
\nThese redundancies will further aggravate the\nunemployment situation in the country.
\nNEET: Parliament\nstated that, in addition to the 761 redundancies, the Greek\nauthorities will provide personalised services co-financed by the\nEGF to up to 550 young people not in employment, education or\ntraining (NEETs) under the age of 30.
\nThe proposed actions should be adapted to take into\naccount the differences between the needs of dismissed workers and\nselected NEETs. The maximum eligible amount of EUR 15 000 will be\ngranted to 200 selected workers and NEETs as a contribution to\nsetting up their own businesses.
\nCoordinated package of personalised\nservices: Parliament stated that the\npersonalised services which are to be provided to workers made\nredundant consist of the following actions which combine to form a\nco-ordinated package of personalised services: occupational\nguidance and career planning supports, training, retraining and\nvocational training, contribution to business start-up, job-search\nallowance and training allowance, mobility allowance.
\nNew EGF: Parliament\nnoted that the income supports measures will be strictly limited to\na maximum amount of 35% of the overall package of personalised\nmeasures, as set out in the EGF Regulation and that these actions\nare conditional on the active participation of the targeted\nbeneficiaries in job-search or training activities.
\nIt welcomed the adoption of the EGF Regulation which\nreflects the agreement reached between the Parliament and the\nCouncil to reintroduce the crisis mobilisation criterion, to\nincrease Union financial contribution to 60% of the total estimated\ncost of proposed measures, to increase efficiency for the treatment\nof EGF applications in the Commission and by the Parliament and the\nCouncil by shortening time for assessment and approval, to widen\neligible actions and beneficiaries by introducing self-employed\npersons and young people and to finance incentives for setting up\nown businesses.
\nLastly, it recalled that in line with Article 7 of the\nEGF Regulation, the design of the coordinated package of\npersonalised services should be compatible with the shift towards a\nresource-efficient and sustainable economy.
\nPURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) in respect of redundancies in the retail\nsector in Greece.
\nNON-LEGISLATIVE ACT: Decision 2014/879/EU of the\nEuropean Parliament and of the Council on the mobilisation of the\nEuropean Globalisation Adjustment Fund, in accordance with point 13\nof the Interinstitutional Agreement of 2 December 2013 between the\nEuropean Parliament, the Council and the Commission on budgetary\ndiscipline, on cooperation in budgetary matters and on sound\nfinancial management (application EGF/2014/009 EL/Sprider\nStores, from Greece).
\nCONTENT: with this Decision, the European Parliament\nand the Council have decided to mobilise the EGF for an amount of\nEUR 7 290 900 in commitment and payment appropriations\nin the framework of the 2014 general budget of the European\nUnion.
\nThis amount shall assist Greece following redundancies\nin Sprider Stores SA.
\nGiven that this application complies with the\nrequirements for determining the financial contributions as laid\ndown in Regulation (EU) No 1309/2013 (MFF Regulation 2014-2020),\nthe European Parliament and Council have decided to grant the\nabovementioned amount.
\nFurthermore, Greece has decided to provide\npersonalised services co-financed by the EGF also to young people\nnot in employment, education or training (NEETs), as is authorised\nby the EGF Regulation 2014-2020.
\nTo recall, the EGF was established to provide support\nfor workers made redundant and self-employed persons whose activity\nhas ceased as a result of major structural changes in world trade\npatterns due to globalisation, as a result of a continuation of the\nglobal financial and economic crisis addressed in Regulation (EC) No 546/2009,\nor as a result of a new global financial and economic crisis and to\nassist them with their reintegration into the labour\nmarket.
\nRegulation (EU, Euratom) No 1311/2013 laying down the multiannual\nfinancial framework for the years 2014-2020 provides that the EGF\nshall not exceed a maximum annual amount of EUR 150\nmillion.
\nPURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) to assist Greece in dealing with redundancies\nin its retail sector.
\nPROPOSED ACT: Decision of the European Parliament and\nof the Council.
\nCONTENT: Article 12 of Council Regulation (EU,\nEuratom) No 1311/2013 laying down the multiannual financial framework for the\nyears 2014-2020 provides that the EGF shall not\nexceed a maximum annual amount of EUR 150 million (2011\nprices).
\nThe rules applicable to financial contributions from\nthe European Globalisation Adjustment Fund (EGF) are laid down in\nRegulation (EU) No 1309/2013\nof the European Parliament and of the Council on the European\nGlobalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/2006\n(the 'EGF Regulation').
\nThe Commission examined the application for\nmobilisation of the EGF to assist Ireland and concluded the\nfollowing:
\nGreece:\nEGF/2014/009 EL/Sprider Stores: on 6\nJune 2014, the Greek authorities submitted application EGF/2014/009\nEL/Sprider Stores for a financial contribution from the EGF,\nfollowing redundancies in Sprider Stores S.A. in Greece. They\nsubmitted the application within 12 weeks of the date on\nwhich the intervention criteria were met, which expired on 6 June\n2014.
\nIn order to establish the link between the\nredundancies and the global financial and economic crisis addressed\nin Regulation (EC) No 546/2009, Greece argues that the Greek\neconomy is for the sixth consecutive year (2008-2013) in deep\nrecession.
\nAccording to the Greek authorities, the events giving\nrise to the redundancies were mainly two: (1) the decrease of\navailable household income ― due to the increase in the tax\nburden, decreasing salaries (of both private and public employees)\nand rising unemployment ― resulting in a huge drop of\npurchasing power; (2) the drastic reduction of loans to enterprises\nand individuals due to the lack of cash in the Greek\nbanks.
\nTo date, the retail sector has been the subject of\nanother three EGF applications also based\non the global financial and economic crisis
\nSince Sprider Stores was present in all Greek regions,\nthe redundancies are spread out over the whole Greece. The Greek\nauthorities argue that the redundancies in Sprider Stores will\nfurther aggravate the unemployment situation, which already\ndeteriorated as a result of the economic and financial crisis and\nseems to be particularly fragile. Greece has the highest\nunemployment rates amongst EU Member States.
\nBackground to the request from Greece: the Greek authorities submitted the application\nunder the intervention criterion of Article 4(1)(a) of the EGF\nRegulation, which requires at least 500 workers being made\nredundant or self-employed persons' activity ceasing, over a\nreference period of four months in an enterprise in a Member State,\nincluding workers made redundant or self-employed persons' activity\nceasing in its suppliers and downstream producers.
\nThe application relates to 761 workers made redundant\nin Sprider Stores S.A. an enterprise which operated in the economic\nsector classified under NACE Rev. 2 division 47 ('Retail trade,\nexcept of motor vehicles and motorcycles'). The stores were mainly\nlocated in the NUTS level 2 regions of\nCentral Macedonia (EL12) and Attica (EL30).
\nThe reference period of four months is from 17\nNovember 2013 to 17 March 2014.
\nFollowing its assessment of this application, the\nCommission has concluded, in accordance with all applicable\nprovisions of the EGF Regulation, that the conditions for awarding\na financial contribution from the EGF are met.
\nThe Commission proposes to mobilise the EGF for the\namount of EUR 7 290 900 to make a contribution to the\npackage of personalised services.
\nBUDGETARY IMPLICATION: having examined the application\nin respect of the conditions set out in Article 13(1) of the EGF\nRegulation, and having taken into account the number of targeted\nbeneficiaries, the proposed actions and the estimated costs, the\nCommission proposes to mobilise the EGF for the amount of EUR 7 290\n900, representing 60 % of the total costs of the proposed actions,\nin order to provide a financial contribution for the\napplication.
\nThe proposed decision to mobilise the EGF will be\ntaken jointly by the European Parliament and the Council, as laid\ndown in point 13 of the Interinstitutional Agreement\nof 2 December 2013 between the European Parliament, the Council and\nthe Commission on budgetary discipline, on cooperation in budgetary\nmatters and on sound financial management.
\nThe Commission will present to the European Parliament\nand to the Council a proposal for a transfer to the relevant\nbudgetary line for the requested amount.
\nAt the same time as it adopts this proposal for a\ndecision to mobilise the EGF, the Commission will adopt a decision\non a financial contribution, by means of an implementing act, which\nwill enter into force on the date at which the European Parliament\nand the Council adopt the proposed decision to mobilise the\nEGF.
\nThe Committee on Budgets adopted the report by Victor\nNEGRESCU (S&D, RO) on the proposal for a decision of the\nEuropean Parliament and of the Council on the mobilisation of the\nEuropean Globalisation Adjustment Fund, to the amount of EUR 7\n290 900 in commitment and payment appropriations in order to\nassist Greece following redundancies in the retail\nsector.
\nMembers recalled that the Union set up legislative and\nbudgetary instruments to provide additional support to workers who\nare suffering from the consequences of major structural changes in\nworld trade patterns and to assist their reintegration into the\nlabour market.
\nGreek application:\nGreece submitted application EGF/2014/009 EL/Sprider Stores for a\nfinancial contribution from the EGF, following the dismissal of 761\nworkers, with all of the 761 dismissed workers expected to\nparticipate in the measures, in Sprider Stores S.A., an enterprise\nwhich operated in the retail sector in the regions of Central\nMacedonia and Attica of Greece.
\nThe reference period was between 17 November 2013 and\n17 March 2014.
\nMembers agreed with the Commission that the\nintervention criteria set out in Article 4(1)(a) of the EGF\nRegulation are met and that, therefore, Greece is entitled to a\nfinancial contribution under that Regulation.
\nMembers also welcomed the speedy evaluation by the\nCommission of less than five months.
\nThey welcomed the fact that, in order to provide\nworkers with speedy assistance, the Greek authorities decided to\ninitiate the implementation of the personalised services to the\naffected workers on 1 September 2014, ahead of the final decision\non granting the EGF support for the proposed coordinated\npackage.
\nCoordinated package of personalised\nservices: the personalised services\nwhich are to be provided to workers made redundant consist of the\nfollowing actions which combine to form a co-ordinated package of\npersonalised services: occupational guidance and career planning\nsupports, training, retraining and vocational training,\ncontribution to business start-up, job-search allowance and\ntraining allowance, mobility allowance.
\nNew EGF: Members noted\nthat the income supports measures will be strictly limited to a\nmaximum amount of 35% of the overall package of personalised\nmeasures, as set out in the EGF Regulation and that these actions\nare conditional on the active participation of the targeted\nbeneficiaries in job-search or training activities.
\nThey welcomed the adoption of the EGF Regulation which\nreflects the agreement reached between the Parliament and the\nCouncil to reintroduce the crisis mobilisation criterion, to\nincrease Union financial contribution to 60% of the total estimated\ncost of proposed measures, to increase efficiency for the treatment\nof EGF applications in the Commission and by the Parliament and the\nCouncil by shortening time for assessment and approval, to widen\neligible actions and beneficiaries by introducing self-employed\npersons and young people and to finance incentives for setting up\nown businesses.
\nLastly, they recalled that in line with Article 7 of\nthe EGF Regulation, the design of the coordinated package of\npersonalised services should be compatible with the shift towards a\nresource-efficient and sustainable economy.
\nThe European Parliament adopted by 573 votes to 75,\nwith 15 abstentions, a resolution on the proposal for a decision of\nthe European Parliament and of the Council on the mobilisation of\nthe European Globalisation Adjustment Fund to the amount of EUR\n7 290 900 in commitment and payment appropriations in order to\nassist Greece following redundancies in the retail\nsector.
\nParliament recalled that the Union set up legislative\nand budgetary instruments to provide additional support to workers\nwho are suffering from the consequences of major structural changes\nin world trade patterns and to assist their reintegration into the\nlabour market.
\nGreek application:\nGreece submitted application EGF/2014/009 EL/Sprider Stores for a\nfinancial contribution from the EGF, following the dismissal of 761\nworkers, with all of the 761 dismissed workers expected to\nparticipate in the measures, in Sprider Stores S.A., an enterprise\nwhich operated in the retail sector in the regions of Central\nMacedonia and Attica of Greece.
\nThe reference period was between 17 November 2013 and\n17 March 2014.
\nParliament agreed with the Commission that the\nintervention criteria set out in Article 4(1)(a) of the EGF\nRegulation are met and that, therefore, Greece is entitled to a\nfinancial contribution under that Regulation.
\nParliament also welcomed the speedy evaluation by the\nCommission of less than five months. It welcomed the fact that, in\norder to provide workers with speedy assistance, the Greek\nauthorities decided to initiate the implementation of the\npersonalised services to the affected workers on 1 September 2014,\nahead of the final decision on granting the EGF support for the\nproposed coordinated package.
\nNature of the redundancies: Parliament agreed that the crisis resulted in a huge\ndrop of purchasing power and the drastic reduction in loans to\nenterprises and individuals due to the lack of cash in the Greek\nbanks. It noted that, to date, the retail sector has been the\nsubject of another three EGF applications also based on the global\nfinancial and economic crisis.
\nThese redundancies will further aggravate the\nunemployment situation in the country.
\nNEET: Parliament\nstated that, in addition to the 761 redundancies, the Greek\nauthorities will provide personalised services co-financed by the\nEGF to up to 550 young people not in employment, education or\ntraining (NEETs) under the age of 30.
\nThe proposed actions should be adapted to take into\naccount the differences between the needs of dismissed workers and\nselected NEETs. The maximum eligible amount of EUR 15 000 will be\ngranted to 200 selected workers and NEETs as a contribution to\nsetting up their own businesses.
\nCoordinated package of personalised\nservices: Parliament stated that the\npersonalised services which are to be provided to workers made\nredundant consist of the following actions which combine to form a\nco-ordinated package of personalised services: occupational\nguidance and career planning supports, training, retraining and\nvocational training, contribution to business start-up, job-search\nallowance and training allowance, mobility allowance.
\nNew EGF: Parliament\nnoted that the income supports measures will be strictly limited to\na maximum amount of 35% of the overall package of personalised\nmeasures, as set out in the EGF Regulation and that these actions\nare conditional on the active participation of the targeted\nbeneficiaries in job-search or training activities.
\nIt welcomed the adoption of the EGF Regulation which\nreflects the agreement reached between the Parliament and the\nCouncil to reintroduce the crisis mobilisation criterion, to\nincrease Union financial contribution to 60% of the total estimated\ncost of proposed measures, to increase efficiency for the treatment\nof EGF applications in the Commission and by the Parliament and the\nCouncil by shortening time for assessment and approval, to widen\neligible actions and beneficiaries by introducing self-employed\npersons and young people and to finance incentives for setting up\nown businesses.
\nLastly, it recalled that in line with Article 7 of the\nEGF Regulation, the design of the coordinated package of\npersonalised services should be compatible with the shift towards a\nresource-efficient and sustainable economy.
\nPURPOSE: to mobilise the European Globalisation\nAdjustment Fund (EGF) in respect of redundancies in the retail\nsector in Greece.
\nNON-LEGISLATIVE ACT: Decision 2014/879/EU of the\nEuropean Parliament and of the Council on the mobilisation of the\nEuropean Globalisation Adjustment Fund, in accordance with point 13\nof the Interinstitutional Agreement of 2 December 2013 between the\nEuropean Parliament, the Council and the Commission on budgetary\ndiscipline, on cooperation in budgetary matters and on sound\nfinancial management (application EGF/2014/009 EL/Sprider\nStores, from Greece).
\nCONTENT: with this Decision, the European Parliament\nand the Council have decided to mobilise the EGF for an amount of\nEUR 7 290 900 in commitment and payment appropriations\nin the framework of the 2014 general budget of the European\nUnion.
\nThis amount shall assist Greece following redundancies\nin Sprider Stores SA.
\nGiven that this application complies with the\nrequirements for determining the financial contributions as laid\ndown in Regulation (EU) No 1309/2013 (MFF Regulation 2014-2020),\nthe European Parliament and Council have decided to grant the\nabovementioned amount.
\nFurthermore, Greece has decided to provide\npersonalised services co-financed by the EGF also to young people\nnot in employment, education or training (NEETs), as is authorised\nby the EGF Regulation 2014-2020.
\nTo recall, the EGF was established to provide support\nfor workers made redundant and self-employed persons whose activity\nhas ceased as a result of major structural changes in world trade\npatterns due to globalisation, as a result of a continuation of the\nglobal financial and economic crisis addressed in Regulation (EC) No 546/2009,\nor as a result of a new global financial and economic crisis and to\nassist them with their reintegration into the labour\nmarket.
\nRegulation (EU, Euratom) No 1311/2013 laying down the multiannual\nfinancial framework for the years 2014-2020 provides that the EGF\nshall not exceed a maximum annual amount of EUR 150\nmillion.
\n