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Inps: redundancy fund -29% year on year in May

According to data released by the National Social Security Institute, 65,4 million hours of layoffs were authorized in May, for a decrease of 29% on an annual basis 65,7% over the year.

Inps: redundancy fund -29% year on year in May

The hours of layoffs are sharply decreasing. According to the data released by INPS, in fact, in May 2015 they were authorized in total 65,4 million hours of layoffs (CIG), with a decrease of 29,0% compared to the month of May 2014, when the authorized hours were 92,2 million.

Compared to the previous month, however, the seasonally adjusted data highlight a decline of 1,3% for the total of redundancy fund interventions.

In detail, the authorized hours of layoffs (CIGO) were 22,4 million compared to 24,7 million in May 2014, for an annual decrease of 9,1%. In particular, the decrease was equal to 5,9% in the Industry sector and 17,1% in the Construction sector. The number of hours of extraordinary layoffs (CIGS) authorized in May 2015 was 39,0 million, with a reduction of 30,2% on an annual basis.

For interventions in derogation (CIGD)affected by administrative stops due to lack of funds, the hours authorized in May 2015 amounted to 4,0 million, with a decrease of 65,7% compared to the 11,6 million hours authorized in May 2014. 

Lastly, in April, 95.662 ASpI applications were presented, 29.117 mini ASpI applications, 456 applications between ordinary and special construction unemployment and 4.436 mobility applications, for a total of 129.671 applications, with a decrease of 11,7 % every year.

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