SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Employee.Thmb.jpg Rome to host four-nation job summit ahead of EU summit

IANS | 06 Jun, 2013
Labour ministers from Italy, France, Germany and Spain will meet in the Italian capital for talks on jobs, ahead of a European Union summit later this month, the Italian government said.

The meeting - scheduled for June 14 - is being held "in the context of the prime minister and the government's commitment to forging European policies to boost employment, especially among young people," said a statement from Italian Prime Minister Enrico Letta's office.

Letta has demanded that European Council President Herman Van Rompuy put measures to boost employment high on the agenda at the June 27-28 meeting of EU heads of state and government in Brussels.

Young people aged 15-24 have been worst hit by Italy's more than 20-month recession with 40.5 percent unemployed in April, the highest level since central statistics agency Istat's data series began in 1966.

"The meeting, which is the first of its kind, is intended to provide an opportunity for an exchange of views and coordination... of financial and labour policies at national and EU level to best fight joblessness," the statement said.

A rapid improvement in the jobs market was essential to return Europe's stumbling economy to growth, the statement added.

In his maiden speech to the Italian parliament in April, Letta, who leads a coalition government, said creating jobs would be his "top priority".

Italy is mired in its fourth recession since 2001. The main business lobby Confindustria said that over 540,000 jobs were lost between 2007 and 2012 as the country's manufacturing base shrank 10 percent over the period.

Between 2009 and 2012 alone, 55,000 companies went bust, Confindustria said.

Unemployment reached a record 12 percent in April, the highest level since Istat's monthly data began in 2004.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter