Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Photos of the week
Our top photos from the past week. Full Article
Images of February
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Dozens arrested at Occupy's 6-month anniversary rally
2:53pm EDT
Puerto Rico votes in Republican presidential primary
12:32pm EDT
Oman warns on military confrontation with Iran
10:19am EDT
UPDATE 3-Dissected iPad reveals Samsung, Qualcomm parts
15 Mar 2012
Insight: Cheap generics no panacea for India's poorest
1:01am EDT
Discussed
151
Exclusive: U.S., Britain to agree emergency oil stocks release
128
Sixteen Afghan civilians killed in rogue U.S. attack
124
UPDATE 4-Obama defends energy policies amid gas price pain
Watched
Soccer star critically ill
Sat, Mar 17 2012
NASA images show Aurora Borealis over North America.
Sat, Mar 17 2012
Kate celebrates St Patrick's Day with Irish Guards
Sat, Mar 17 2012
Tensions rise as Italy labor talks enter home stretch
Tweet
Share this
Email
Print
Factbox
Factbox: Euro zone debt crisis: coming events
Thu, Mar 1 2012
Related News
Italy condemns botched British raid in Nigeria
Fri, Mar 9 2012
UPDATE 5-Air Canada braces for March Break strike
Wed, Mar 7 2012
Britain, Netherlands call for EU to focus on growth
Mon, Feb 20 2012
Analysis & Opinion
An eerie euro zone calm
Hollande’s sins more those of omission
Related Topics
World »
Italy »
Italian Prime Minister Mario Monti (L) shakes hands with Fiat-Chrysler CEO Sergio Marchionne during a meeting at Chigi palace in Rome March 16, 2012.
Credit: Reuters/Stringer
By Gavin Jones
ROME |
Sun Mar 18, 2012 3:12pm EDT
ROME (Reuters) - Prime Minister Mario Monti faces an arduous task this week to reconcile the demands of unions and employers and draft a labor reform aimed at boosting Italy's competitiveness and shielding it from the euro zone debt crisis.
With a self-imposed deadline to get a deal by the end of this week the signs are not promising, with the largest trade union saying an accord at a key meeting on Tuesday is "impossible," and the biggest employers' lobby warning it will not sign any document that concedes too much to the unions.
On Sunday, Monti played down the tensions, saying he still believed a deal could be struck at the meeting he will host on Tuesday.
"If the positions weren't still quite far apart it would mean the conclusive meeting had already taken place successfully," he said at a ceremony in Turin. "Instead that (meeting) still has to happen."
On Saturday, he had called for all sides to "give some ground" and indicated he was not entirely happy with the proposals drawn up so far by Welfare Minister Elsa Fornero.
"On Tuesday I will ask (Fornero) to take even more account of the interests of the future and of young people," he told a conference in Milan.
After the deal was done, he said he planned a "roadshow" around Europe to explain why it made Italy a more attractive place to invest, even though the trade unions continue to insist it may not have their backing.
Monti has repeatedly stressed, however, that he will push ahead with reform even if he cannot reach agreement with the unions. He has said talks with unions and employers will end this week and that the reform will be presented by the end of March.
SCEPTICAL UNIONS
The three main union confederations, with varying degrees of vehemence, continue to resist government plans to ease firing restrictions, while small businesses are up in arms over a proposed hike in their contributions to fund welfare provisions.
Susanna Camusso, the head of the largest union, the left-wing CGIL, said all sides were still far apart and ruled out a deal as early as Tuesday. The leaders of the smaller CISL and UIL unions also said they were pessimistic.
Business groups say they also have serious concerns.
Confindustria, the main employers' lobby, has threatened not to sign a deal if Monti gives too much ground to the unions, while the issue also divides the centre-right and centre-left parties that make up his parliamentary majority.
Some economists say Monti's reform plans are still too timid to remedy a two-tier labor market that gives too much protection to regular salaried workers and no rights to hundreds of thousands of mostly young people on temporary contracts.
Monti has been widely praised for improving market confidence in Italy, which was teetering on the brink of a Greek-style debt crisis when he took office four months ago.
However, many analysts say a convincing labor reform is vital to consolidate the upturn in sentiment, as well as to improve Italy's dismal levels of employment, productivity and growth. Only around 57 percent of Italians work, the second lowest proportion in the euro zone after Malta.
POSTURING?
Some of the hardening of negotiating positions can be put down to posturing in the search for last minute concessions as weeks of talks draw to an end. But divergences between unions and employers on how to fix Italy's "dual" labor market remain real.
While the unions stress the need to curb temporary contracts, employers emphasize the need to make it easier to fire workers with regular contracts.
The issue is also widening the gap between the conservative and left-leaning parties supporting Monti.
"Go On Elsa, be courageous," said Angelino Alfano, the national secretary of former prime minister Silvio Berlusconi's People of Freedom party on Saturday, urging the country's welfare minister to ignore the unions and push ahead with a business-friendly reform.
The exhortation is guaranteed to annoy Pierluigi Bersani, the leader of the centre-left Democratic party, who risks losing votes if he withdraws all support from the CGIL, with which his party has strong historic ties.
Monti is already drawing criticism from some economists for discarding radical proposals, such as eliminating dozens of different kinds of temporary contracts but reducing the job protection that regular contracts currently afford.
Tito Boeri, economics professor at the same Bocconi university in Milan where Monti was rector, said the current reform draft, which leaves all temporary contracts in place, fell far short of what was required.
He also said a planned overhaul of welfare benefits would still leave thousands of people with no income support and that it was "absurd" that the new system would only kick in from 2017, meaning it was almost sure to be changed by future governments.
(Additional reporting by Lisa Jucca in Milan; Editing by Andrew Osborn)
World
Italy
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.