Bloomberg News

Italy Senate Can Approve Labor Reform in 40 Days, Schifani Says

April 01, 2012

The Italian Senate is ready to approve the reform of the labor market in 30 to 40 days once the government presents its draft law to legislators, Senate Speaker Renato Schifani said in a interview with SKY TG 24.

Prime Minister Mario Monti’s cabinet passed proposals on March 23 for an overhaul of the country’s labor market, saying the changes will help attract investments and bring down a decade-high unemployment rate.

The draft law, which includes expanded jobless benefits and more leeway in firing, has yet to be presented to parliament.

To contact the reporter on this story: Chiara Vasarri in Rome at cvasarri@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net;


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