Some 200 companies on Thursday pledged to create new work and training opportunities for Europe’s young jobseekers, of which one out of four is unemployed.
The alliance of major companies set a goal of creating tens of thousands in additional jobs — or apprenticeships and internships that lead to jobs — over the next several years.
“We are confident that more than 100,000 opportunities will be given in the coming years, but it should go beyond that,” Laurent Freixe, CEO of Nestle Europe, told reporters at the company’s headquarters.
Nestle, the world’s biggest food and drinks maker, is leading the alliance which includes Adecco, AXA, Cargill, CHEP, DS Smith, EY, Facebook, Firmenich, Google, Nielsen, Publicis, Salesforce and Twitter and White & Case. Freixe said Nestle has created 8,000 of the 20,000 new positions it promised to generate by 2016.
Chosen excerpts by Job Market Monitor. Read the whole story at Companies in Europe Pledge 100K New Youth Jobs – ABC News.
Related Posts
OECD / Europe’s youth is explosive issue, not deflation
“The problem is jobs, jobs, jobs,” Gurria said in an interview with Bloomberg Television from Davos, Switzerland Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
Youth Unemployment in Europe
Youth unemployment has been increasing in the European Union and it is rather a sensitive topic, bearing high economic cost due to the deteriorating effect of unemployment spells on human capital, high social benefits to be paid, but also high social cost, as for example increasing crime (Bell and Blanchflower, 2010).Youth unemployment rate reached dramatically … Continue reading
Europe Youth Unemployment and the EU Youth Strategy
Youth unemployment is rising steadily in the EU as the economic crisis in Europe deepens. The latest data reveals an EU-wide youth unemployment rate of 22.8 percent, up from 21.7 percent a year ago as those under 25 continue to lose their jobs to the economic slowdown… Click here to see each country’s unemployment stats … Continue reading
Youth Transitions in Europe – Those countries with quicker and more successful school-to-work transitions are those where young people leave home earlier says report
Young people in Europe continue to experience great difficulties in entering the labour market. Although the youth unemployment rate in a few Member States has started to fall, overall 23% of young European job-seekers aged 15–24 could not find a job in January 2014. In 2012, 14.6 million young people across Europe were not in … Continue reading
Youth Unemployment In Europe – A misdiagnosis
The EU underestimated just how big an impact the austerity measures would have on the economies of the member states. Europe’s economy remains relatively closed, which means that countries rely on trade with each other, so when countries all start to tighten fiscal policies at the same time, the impact is multiplied. Not surprisingly the … Continue reading
Youth Guarantee in Europe should be a joint effort
Last year, as part of the Multiannual Financial Framework (MFF) 2014-2020, EU leaders agreed to provide an additional €6 billion to support employment of people under the age of 25. The so-called Youth Employment Initiative (YEI), or Youth Guarantee scheme, now plays a crucial role in the EU labour market, with the additional funding frontloaded for the first … Continue reading
Job Market Monitor 
Discussion
No comments yet.