On June 26, the Council of Ministers approved the decree-law on emergency measures to revive employment and social inclusion. The key measures include recruitment incentives for 18-29 year-olds, jobseekers and disabled workers, internship subsidies and incentives to work-study training. With a total budget of €1.5 billion, the government believes that the measures could help create 200,000 new jobs. (Ref. 130435)
Faster job creation. In 2013-2016, €794 million (€500 million for the South) will be dedicated to incentives to permanently recruit, by June 30, 2015, young people aged 18-29 who have been without a job for at least 6 months, don’t have a high-school degree or live alone with one or several dependent person(s). the incentive will amount to 1/3rd of taxable social security pay (that is a “total exemption” even though the amount is limited to €650 per month and per employee). It will be...
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