Rome

Crisis has cost 539,000 manufacturing jobs, more at risk

Employment levels in sector dropped 10%

Crisis has cost 539,000 manufacturing jobs, more at risk

(see related story) Rome, June 5 - Over half a million jobs have been lost in Italy's manufacturing sector since the start of the global economic crisis in 2008 and more are at risk, the nation's industrial employers' confederation Confindustria said Wednesday. "The number of people employed in manufacturing has fallen by 10%," read a report by Confindustria's research centre. "Italian companies will probably be forced to cut more jobs in the coming months". The report said 539,000 Italian manufacturing jobs were lost between 2007 and 2012, adding that there is a danger that the current crisis could end up claiming more than the 724,000 jobs lost in the 1980-85 period.

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