Lunedì, 22 Ottobre 2018

Plan for youth unemployment to take shape by end of June


Rome, May 20 - Formulating a package by the end of
June to tackle the country's high youth unemployment will be a
priority for the Italian government, Labour Minister Enrico
Giovannini said on Monday.
The goal is to reduce unemployment among the country's
15-to-24-year olds by 8%, bringing it down to 30%, the minister
told the Italian daily La Repubblica in an interview.
To create the package, the government will be meeting with
associations and unions "to listen and think through (solutions)
together," Giovannini said.
The minister said that the government will invest between
10 to 12 million euros, "if not more" to "maintain" the program
outlined by ex-Labour Minister Elsa Fornero, defined during the
previous Mario Monti administration.
Among the possibilities to ease the rampant youth
unemployment is a shift for older workers from full-time to
part-time leading up to retirement, without penalizing the
employees' previously accumulated benefits by adding State
subsidies, to make room in the market for younger workers.
"Some solutions will be costly, others not," Giovannini
Another "idea" is to make way for early retirement with
"proportional penalties," Giovannini said.
Former Labour Minister Fornero and Monti's technocrat
government came under fire for changes in the country's
retirement rules that left as many as 390,000 people out of work
and bereft of their pension payments, although the labour
minister hotly disputed that figure.
Youth employment in Italy reached 38.4% in March, 3.2%
higher than the same month in 2012, according to national
statistics institute Istat.

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