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The Italian economy may shed 30,000 jobs by end of 2011

Rome, Sep 16 (Calcutta Tube) The Italian economy, Europe’s fourth largest, may shed 30,000 jobs between June and the end of December this year, a report has said.

The job losses would add to the 450,000 jobs already lost in Italy during the last three years.

The report by Rome-based Confindustria, the country’s largest business association that has more than 140,000 members, forecast that Italian unemployment will climb to 8.7 percent by the end of 2010 and reach 9.1 percent by the end of next year.

–IANS/AKI

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