30 Apr 2012

EUROPE / JOBS

The ILO says that around 50 million jobs are still missing compared to the situation that existed before the economic crisis and that job recovery especially in Europe, is not expected before the end of 2016 – unless there is a dramatic shift in policy direction. ILO

Posted at: April 30, 2012 12:38 pm

Duration: 02:07

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STORY: EUROPE / JOBS
TRT: 2.07
SOURCE: ILO
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / SPANISH / NATS

DATELINE: RECENT

16 APRIL 2012, MADRID, SPAIN

1. Various shots, news papers
2. Med shot, jobless person in the street
3. Wide shot, city scene
4. Various shots, factory workers
5. Various shots, Banks
6. Med shot, Market
7. Various shots, homeless people sitting by bank

27 APRIL 2012 – GENEVA, SWITZERLAND

8. SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"Austerity on its own doesn't work.  It's counterproductive.  Instead of promoting employment and growth, it reduces confidence and growth.  Instead of reducing deficits, it keeps high deficits all the time.  What is needed is a growth and employment strategy. This is what successful countries like Austria, Australia, Uruguay have done."

25 APRIL 2012, MONTEVIDEO, URUGUAY

9. Various shots, city scenes
10. SOUNDBITE (Spanish) Eduardo Brenta, Minister of Labour, Uruguay:
"Industrial and employment policies, aimed at promoting industrial development, and other 'active' policies to enhance specific sectors in the labour market protected the country from the impact of the global economic crisis."

16 APRIL 2012, MADRID, SPAIN

10. Pan left, students using computers at school
11. Various shots, grade school pupils using laptops
12. Various shots, people at job agency

27 APRIL 2012 – GENEVA, SWITZERLAND

13. SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"In general of course there is a fiscal deficit, but there is a more important jobs deficit.  Social unrest is growing, there are not enough jobs.  That should be the center.  By promoting better jobs, you will be rewarded with a better economy as well."

16 APRIL 2012, MADRID, SPAIN

14. Various shots, people in street

25 APRIL 2012, MONTEVIDEO, URUGUAY

15. Various shots, city scenes

STORYLINE:

For months, the headlines about economic recovery have been grim, but the signs on the street have been even grimmer.

Worldwide, 50 million jobs are still needed to bring employment back to pre-crisis levels, according to the World of Work report from the International Labour Org.

Support for banks and the financial sector took its toll on public expenditures.  In response, governments particularly in advanced economies turned to fiscal austerity and tough labour market reforms.

The result:  a devastated job market with little reduction in fiscal deficits and a growing risk of social unrest.  A recession may loom on Europe's horizon.

SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"Austerity on its own doesn't work.  It's counterproductive.  Instead of promoting employment and growth, it reduces confidence and growth.  Instead of reducing deficits, it keeps high deficits all the time.  What is needed is a growth and employment strategy. This is what successful countries like Austria, Australia, Uruguay have done."

Uruguay is one of a group of countries where employment and job quality improved through tax reform and an emphasis on job creation.  They have more jobs than it is possible to fill.

SOUNDBITE (Spanish) Eduardo Brenta, Minister of Labour, Uruguay:
"Industrial and employment policies, aimed at promoting industrial development, and other 'active' policies to enhance specific sectors in the labour market protected the country from the impact of the global economic crisis."

The IT sector in particular received strong gov't support through its Plan Ceibal.  Every school child was given a laptop, a small investment now that has huge dividends for the future.

Advanced economies could create two million jobs could be created over the next year if they followed a job-friendly mix of taxes and public investment.

SOUNDBITE (English) Raymond Torres, Director, ILO Institute for Labour Studies:
"In general of course there is a fiscal deficit, but there is a more important jobs deficit.  Social unrest is growing, there are not enough jobs.  That should be the center.  By promoting better jobs, you will be rewarded with a better economy as well."