Redundancy payments on the decline. Marini: it’s down to exports
Extraordinary redundancy scheme – down 55 per cent in July alone
The number of authorised hours under the Cassa integrazione scheme fell significantly in the first seven months of this year in Veneto, compared with the same period in 2014, in line with a trend affecting much of the country, but with an overall reduction of 36 per cent – better than the North-East average (-33 per cent) and the national average (-30 per cent). This has been reported by INPS, and the most interesting figure is the decline in the ‘extraordinary’ component of the scheme – which is normally linked to corporate crises – accounting for just under two-thirds of the total and which has also fallen by 36 per cent (-55 per cent in July alone).
All well and good – the indicator has been trending downwards for many months now – but be careful not to get carried away with long-term forecasts. This recommendation comes from Daniele Marini, scientific director of Community Media Research, who, in support of it, limits himself to a single observation. “Until a few months ago, Greece was our main concern and we were all banking on the driving force of the BRIC countries. Today, Brazil and Russia, for different reasons, are reeking of instability, and for the past few days there has been talk of a financial bubble that is about to burst in China. On the other hand, it is true that the US is performing better than expected, but the landscape of our export markets is highly volatile.”
