€400 incentive to increase youth employment

€400 incentive to increase youth employment

LAST UPDATED: 5 Mar, 2013 @ 07:29
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€400 incentive to increase youth employment

By Kathryn Richardson

BUSINESSES could have a new reason to employ young people after the government proposed plans to pay part of their wage.

The Junta wants to create a new job pool for university and professional training graduates and pay €400 of their salary if they are hired.

The incentive is part of the government’s €167.5million youth employment plan which has already been approved.

It applies to qualified people up to the age of 35.

The Junta’s €500million employment package hopes to create 42,000 new jobs this year.

Spain’s youth unemployment rate is currently at a record high of 55%, the second highest in Europe following Greece.

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