Venice

Most of Italy's new jobs created by small companies

'Almost half a million new hires in 10 years'

Most of Italy's new jobs created by small companies

Venice, August 14 - Small companies with fewer than 50 employees created over 64% of new jobs in Italy between 2001 and 2011, according to a study by the Mestre-based association of small artisans CGIA released on Wednesday. The study did not consider public employment and the agricultural sector. Small businesses were most dynamic in the centre and south, CGIA said, with the Lazio region around Rome topping the list with a 17.4% increase in new jobs offered by small companies, followed by Calabria's 14.4% and Sicily's 14%. Overall, small companies created more than twice as many jobs as businesses employing more than 50 workers - almost 457,200 compared to the 212,600 offered by larger companies operating in the private sector (except agriculture) - the study said. Medium-sized companies employing between 50 and 249 people only created 41,354 new jobs. Overall, out of the 711,178 new hires in the 2001-2011 decade, 64.3% were employed by small companies with less than 50 employees, 5.8% by medium-sized companies - 50 to 249 workers - and 29.9% by large companies with more than 250 workers, CGIA said.

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