Connect with us

EU

Parliament backs €2.3 million worth of aid to help 550 redundant media workers in #Greece

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

550 media workers dismissed by three publishing companies will receive EU aid worth €2,308,500 to help them find new jobs.

The aid will be used to fund a series of measures co-financed by the European Globalization Adjustment Fund (EGF). These measures will help the 550 workers to find new jobs by providing them with occupational guidance, training, retraining and vocational training, specific advice geared towards entrepreneurship, contributions to business start-ups and a variety of allowances. All the redundant workers are expected to be included in the measures.

All the redundancies occurred in Attica, which accounts for 35% of total Greek unemployment and for 36% of long-term unemployment. In total, 15% of the workers made redundant are over 55 years old, and 42% are women, says the report by Eider Gardiazabal Rubial (S&D, ES). They were employed by the three enterprises Lambrakis Press SA (DOL), Ethnos Publications SA and Pegasus Magazines Publications.

Over the period 2011-2017, daily and periodical press sales plummeted in Greece. Newspaper sales fell from 144 million copies in 2011 to 57 million in 2017 and magazine sales fell from 60 million copies to 23 million.

Greece argues that the steady decline in the sector is the consequence of the global economic and financial crisis, which still affects the Greek economy (decline in per capita real GDP, rising unemployment, decreasing salaries and reduced household income etc.), coupled with the rapid digital evolution, which is transforming the publishing sector.

The total estimated cost of the package is €3.8 million, of which the EGF would provide €2.3m (60%).

The report by Eider Gardiazabal Rubial (S&D, ES), recommending that Parliament approve the aid, was passed by the full house on Thursday by 556 votes to 76, and 4 abstentions.

Advertisement

Background

The European Globalization Adjustment Fund contributes to packages of tailor-made services to help redundant workers find new jobs. Its annual ceiling is €150m.

Share this article:

Share this:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.

Trending