On Monday 16 October, Italy’s Council of Ministers approved the draft budget for 2018, which is targeting an increase in youth employment by reducing social charges for recruits under the age of 35. The budget also contains measures to foster the retraining of workers, as part of the Industria 4.0 programme.
Measures to promote youth employment. Italy’s 2018 budget will introduce permanent social security reductions, in order to avoid the negative effects of temporary measures such as the Jobs Act, which led to a boom in employment in 2015 but was followed by a dip during the following year. Paolo Gentiloni’s government has decided to reduce social contributions by 50% (up to a limited discount of 3000 euros) for the first three years following the hire of a young person on an open-ended contract.
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