Rome

Italy services, industry to cut 120,000 jobs in 4th quarter

Only 19% of new hires to have long-term contracts, report says

Italy services, industry to cut 120,000 jobs in 4th quarter

Rome, November 9 - The Italian services and industry sectors will slash a net 120,000 full-time jobs in the fourth quarter of this year, according to a report released on Friday by Unioncamere, the Italian Union of Chambers of Commerce, Industry and Crafts. The sectors will benefit from some 218,000 new hires in the last three months of the year, though only 19% of the new hires will have a long-term contract. The rest will have short-term or flexible contracts.

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