Incentive plans for jobs for unemployed

Cabinet on Wednesday approved two incentive plans for the employment and training of 1,265 unemployed people.

The total budget of the two projects approved amounts to €11,694,000, with the costs divided between them at €7,824,00 and €3,870,000.

After the cabinet meeting, Labour Minister Yiannis Panayiotou said the projects were amongst the government’s policy to further activate the domestic human resources and achieve the goal of creating full employment conditions.

He said that through the implementation of the plans, 815 unemployed persons under 30 years of age will be employed and trained, and 450 unemployed persons will be employed using flexible forms of work through distance work because of the approval of the relevant legislation.

Panayiotou added that for the projects to be implemented and integrated into the labour and welfare markets, the ministry is in close cooperation with the competent Deputy Minister of Welfare and therefore will hold a relevant working meeting about the matter on Thursday.

“The government is working to fully utilise the resources of the Recovery and Resilience Plan for the people of our country and with the reduction of unemployment through these schemes, it is expected that nearly 1,500 households will benefit,” he said.

Responding to a question on the sectors covered by the scheme, he said there were no restrictions on the sectors in which eligible persons could be employed.