Francesca's Feed
Nov 25, 2014

Italy’s Renzi clears hurdle in parliament on labour law

ROME (Reuters) – Italy’s lower house of parliament voted on Tuesday to pass Prime Minister Matteo Renzi’s Jobs Act, clearing the way for final approval in the Senate next month of a law aimed at making hiring and firing rules simpler.

The labor bill, fiercely resisted by unions and some parts of Renzi’s centre-left Democratic Party (PD), is a central part of a broader reform program the 39-year-old premier has promised in an effort to revive Italy’s stagnant economy.

Oct 29, 2014

ThyssenKrupp Italian workers injured in clash with police

ROME, Oct 29 (Reuters) – At least three people were injured
in clashes with police in Rome on Wednesday, police said, as
union officials and workers from a ThyssenKrupp AG
steel plant in central Italy marched to protest against planned
job cuts.

The German industrial group said earlier this month it would
cut 550 jobs at the factory, but Prime Minister Matteo Renzi’s
government is seeking to mediate a last-ditch
compromise.

Oct 9, 2014

Italy’s prime minister wins labor reform confidence vote

ROME (Reuters) – Italian Prime Minister Matteo Renzi won the most important parliamentary confidence vote of his eight-month-old government early on Thursday on a labor reform proposal he hopes will boost his EU credentials.

Renzi won the vote in the upper house Senate 165-111. He would have had to step down if he had lost. The vote, expected in the afternoon, was delayed late into the night after a day of raucous stonewalling by opposition parties. The legislation now goes to the lower house Chamber of Deputies.

Oct 8, 2014

Italy’s Renzi faces confidence vote over labor reform

ROME (Reuters) – Italian Prime Minister Matteo Renzi faces the most important parliamentary confidence vote of his eight-month-old government on Wednesday, asking coalition partners to back labor reforms in a move he hopes will boost his EU credentials.

The vote, which Renzi is expected to win, will be held in the upper house Senate in the late afternoon. He would have to step down if he loses.

Oct 7, 2014

Italy’s Renzi tells party rebels to back him in key jobs vote

ROME (Reuters) – Italian Prime Minister Matteo Renzi said on Tuesday he expected rebels from his Democratic Party (PD) would swing behind him in a confidence vote over contested labor reform plans that he has to win to remain in power.

The 39-year-old former mayor of Florence has staked his political credibility on the so-called Jobs Act, which he says is vital to helping Italy cut record unemployment and enable its chronically stagnant economy to emerge from recession.

Oct 6, 2014

Italy’s Renzi prepares confidence vote on labor reform

ROME (Reuters) – The Italian government is to call a confidence vote on Prime Minister Matteo Renzi’s labor reform plans, sources said on Monday, angering leftist members of his Democratic Party who are against moves to ease restrictions on firing workers.

Renzi wants to cut the number of short-term contracts, boost the role of employment agencies and extend jobless benefits but he faces resistance from trade unions and a minority of Democratic Party (PD) lawmakers to reducing job protection for workers in large firms.

Sep 29, 2014

Italian PM Renzi takes on left over labor reform

ROME (Reuters) – Italian Prime Minister Matteo Renzi prepared for a showdown with the old guard of his center-left Democratic Party on Monday over plans to overhaul job-protection guarantees as part of a broad reform of labor market rules.

Under mounting pressure to deliver on his ambitious reform promises, Renzi told Democratic Party leaders that the party had to overcome a “taboo” against changing rules that date from 1970 during Italy’s postwar economic boom.

Sep 17, 2014

Italy PM Renzi begins parliament drive for labour reform

ROME (Reuters) – Prime Minister Matteo Renzi’s promised overhaul of Italian labour law began to take shape on Wednesday with proposals for more flexible job protection rules to encourage companies to take on more workers.

In an amendment tabled in the Senate, the government proposed a sliding scale of job security that would allow employers to lay off new hires relatively easily, but would increase guarantees the longer a worker remained in a job.

Sep 16, 2014

Italy employers slash GDP forecasts, hike deficit, debt

ROME, Sept 16 (Reuters) – Italy’s economy will shrink in
2014 for a third year running, while the public debt will
continue to rise, employers’ association Confindustria said on
Tuesday.

Gross domestic product will fall this year by 0.4 percent
following declines of 1.9 percent in 2013 and 2.4 percent in
2012, Confindustria said, slashing its previous forecast for
growth of 0.2 percent, made in June.

Sep 9, 2014

Italy PM Renzi says growth will be around zero this year

ROME, Sept 9 (Reuters) – Italian Prime Minister Matteo Renzi
said on Tuesday that the country’s economic growth would be
about “zero” this year, a sign the euro zone’s third-biggest
economy is struggling to climb out of its third recession in six
years.

Renzi’s forecast is far lower than the government’s
previous prediction for a 0.8 percent increase. Renzi also
signalled that Spending Review Commissioner Carlo Cottarelli
would likely be leaving his post soon.