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France

Hollande adds job trainings to tackle unemployment in France

media Screen capture/YouTube AFP

French President François Hollande announced Tuesday a new set of measures aimed at tackling spiraling unemployment rates during a visit to Dunkerque in northern France, one of the country's cities hardest hit by unemployment.

Hollande said 100,000 trainings would be opened in 2014 to get people into jobs where companies say there's a dearth of qualified applicants.

This measure builds on a similar move last month to create an additional 30,000 state-financed trainings that will be open by the end of the year.

During a speech last December, Hollande pleged that he would reverse unemployment by the end of 2013.

But this leaves many economists wary as the unemployment rate in France continues to go up over the last 24 months, totalling more than 3.2 million people out of work in May.

Youth unemployment is particulary dire with 26 per cent out of the workforce, more than double the national rate.

In response, Hollande has also given employers more flexibility and tax breaks to help stimulate job growth for young people, including the so-called "genereation contracts" that give generous subsidies to companies that hire employees between 16 and 25 for at least one year.

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