Rome

Temporary layoffs in Italy up 62%

Social security agency authorised 88.9 million hours off

Temporary layoffs in Italy up 62%

Rome, February 5 - Italian companies buffeted by the uncertain economic winds are increasingly relying on state-backed temporary layoff schemes or reduced work hours to avoid having to reduce their workforces, social security agency INPS said Tuesday. In a statement, INPS said that in January 88.9 million hours of so-called cassa integrazione temporary layoffs were authorized, up 2.7% on December and up a whopping 61.6% from January 2012.

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