Reuters - Video

Edition: US | UK | IN | CN | JP

video Eurozone

Italy court rejects labour union's bid for referendum on firing process

Wednesday, January 11, 2017 - 01:08

Italy's Constitutional Court rejects a bid by the country's biggest labour union to hold a referendum on a jobs market reform that eased the process of firing workers. Jacob Greaves reports.

▲ Hide Transcript

View Transcript

A sigh of relief for Italy's new government. The country's constitutional court rejecting a bid by Italy's largest labour union to hold a referendum on a jobs market reform that made it easier to fire workers. When Prime Minister Paolo Gentiloni took office in December he pledged to continue the work started by predecessor Matteo Renzi. Renzi resigned after losing a popular vote on constitutional changes. His 2015 "jobs act" and constitutional reform were flagship projects in an attempt to revive the euro zone's most sluggish economy. Big businesses had welcomed the labour reform, which scrapped a rule that gave people fired from large private sector companies the right to be re-hired. The CGIL union, which railed against most aspects of the reform from the start, asked the court to approve a vote on re-introducing the rule and extending it to smaller companies. Italy has one of the lowest numbers of people in work in the euro zone. Almost 40 percent of 15-24 year-olds are unemployed. Renzi hoped that making firing easier would prompt firms to hire. But there's been no boost in the labour market just yet.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Italy court rejects labour union's bid for referendum on firing process

Wednesday, January 11, 2017 - 01:08