Sep 5, 2014
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An article describing poor perspectives and the financial and psychological struggle that comes with being older and unemployed. Experts say that the shock has been so severe that older workers are unlikely to ever hold full-time jobs again.
The Wall Street Journal has published a background article that describes the poor perspectives and the financial and psychological struggle that comes with being older and unemployed in a country where the economy has shrunk by almost a quarter in six years. Experts say that the shock has been so severe that older workers are unlikely to ever hold full-time jobs again. While youth unemployment is still a record for the EU—almost 60% of people aged 15 to 24 were out of work in 2013—the unemployment rate among older males is about twice the euro-zone average. Recent pension reforms, meanwhile, mean older men who have lost their jobs could be looking at several years of no income.
English: http://online.wsj.com/articles/older-greek-men-feel-pain-of-job-losses ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.