Cyprus Mail
Cyprus

Ministry to announce new plans to combat unemployment

Labour Minister Zeta Emilianidou

The Labour Ministry is due to announce additional plans to tackle Cyprus’ rising unemployment by the end of September, the labour minister has said.

Zeta Emilianidou met with trade unions SEK, PEO and DEOK on Monday to discuss new projects to reduce unemployment.

Following the meeting, Emilianidou said the next step would be to prepare draft proposals.

“Our plans aim at tackling all those factors that led to high unemployment rates in Cyprus”, she said.

Emilianidou said the new plans will address long-term unemployment problems, and will aim to help out small to medium-sized enterprises as well as graduates of high-schools and technical schools.

Schemes that are already in place include subsidising part-time work and subsidising university graduates to help them gain work experience in their field.

Unemployment reached a record high of 17.3 per cent, recording the highest year-on-year increase in the EU, according the EU statistical services Eurostat. A total of 48,451 people registered as unemployed this August, compared with 48,001 July and 33,934 in August 2012, according to the island’s statistical services.

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