A few employment reforms from Italy’s Ministry

“The decree to amend last summer’s Fornero employment reform by making fixed-term contracts flexible again is on the way. Then comes the key second stage with an attempt to boost youth employment. The main tool is the generational handover, the mechanism that eases older workers out in exchange for new hirings of younger people and which could involve public-sector employees. Other measures contemplated are incentives for businesses to hire young people, tax credits to flesh out the wage packets of the lower paid, a margin of flexibility in the other Fornero (pension) reform and a shakeup for job centres, which are expected to adopt the European mechanism – and funds – of the youth guarantee scheme, aimed at training and employment for the under-25s.”


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