(Finance) – In September 2024a total of 44.9 million hours of redundancy payments were authorised, recording an increase compared to September 2023, when the hours authorized were 37.8 million. This increase reflects the use of social safety nets to protect sectors that are facing a phase of economic difficulty. INPS communicates this by disseminating data on CIG and NASpI.
As regards the individual types of intervention, the following is recorded: Land hours of ordinary layoffs authorized in September 2024 were 30.7 million, an increase compared to the previous month (17.4 million hours), and the same month of the previous year (19 million hours). The metalworking sectors had the greatest impact on this trend, in particular the automotive sector and its related industries, and the textile sector with some large groups affected by a reduction in production and adaptation to market dynamics. Ordinary CIG interventions allow employment continuity to be maintained and workers’ professional skills to be preserved.
As for the number of hours of extraordinary redundancy fund authorized in September 2024 amounted to 13 million (of which 9.5 for solidarity), an increase compared to the previous month (6.4 million hours, of which 3.8 for solidarity).
Compared to September 2023, there is a decrease (18 million hours authorized, of which 5.6 million for solidarity), indicating an improvement in the most critical company situations. Extraordinary interventions favor reorganization processes aimed at strengthening the competitiveness of companies.
The derogating interventions authorized in September 2024 were residual, equal to less than 13 thousand hours. This data confirms the limited need to resort to extraordinary measures, a sign of stability in the most sensitive sectors.
The hours authorized in solidarity funds in September 2024 were 1.3 million, an increase compared to August (0.5 million hours) and September 2023 (0.6 million hours).
In this case, a few large companies in the Intermediaries and Various Activities sectors had a greater impact on the September 2024 performance.
NASpI – In May 2024, the number of NASpI beneficiaries stood at 935 thousand units, remaining below the one million threshold. We observe a cyclical variation of -7.4% and a trend variation of -4% compared to the same month of the previous year.
Data for September 2024 “show a use of social safety nets aimed at protecting sectors that are going through a phase of crisis, such as metalworking and textiles”underlines the Ministry of Labor in a note explaining that the increase in hours of layoffs compared to the same month of the previous year “highlights the importance of these tools in supporting employment and managing economic transitions. The decrease in hours of extraordinary CIG and the limited number of exceptional interventions suggest a possible stabilization in some production areas. Furthermore, as the latest available data suggests, the increase in employment by half a million units leads to a broadening of the group of workers to be considered. in the calculation of authorized cash hours. This means that the increase in the hours of redundancy must also be evaluated in light of the expansion of the total number of employed”.
“The increase in cash hours is limited to some particular sectors that will have to invest more in the digital and sustainable transition. It is essential to continue to carefully monitor these indicators to adopt adequate measures that support workers and businesses, while promoting economic recovery and growth sustainable”.