Odyssefs Fokas - Main contents

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dossier	COM(2014)702 - Globalisation Fund application EGF/2014/013 EL/Odyssefs Fokas.
document	COM(2014)702
date	December 17, 2014

table>(1)The European Globalisation Adjustment Fund (EGF) was established to provide support for workers made redundant and self-employed persons whose activity has ceased as a result of major structural changes in world trade patterns due to globalisation, as a result of a continuation of the global financial and economic crisis addressed in Regulation (EC) No 546/2009 of the European Parliament and of the Council (4), or as a result of a new global financial and economic crisis and to assist them with their reintegration into the labour market.

(2)	The EGF shall not exceed a maximum annual amount of EUR 150 million (2011 prices), as laid down in Article 12 of Regulation (EU, Euratom) No 1311/2013.

(3)

On 29 July 2014 Greece submitted an application to mobilise the EGF, in respect of redundancies in Odyssefs Fokas SA in Greece, and supplemented it by additional information as provided by Article 8(3) of Regulation (EU) No 1309/2013. This application complies with the requirements for determining a financial contribution from the EGF as laid down in Article 13 of Regulation (EU) No 1309/2013.

(4)	In accordance with Article 6(2) of Regulation (EU) No 1309/2013, Greece has decided to provide personalised services co-financed by the EGF also to young persons not in employment, education or training (NEETs).

(5)	The EGF should, therefore, be mobilised in order to provide a financial contribution of an amount of EUR 6 444 000 for the application submitted by Greece,