Jobs, how to save 500,000 jobs by investing in skills The Economy Tomorrow Free – Corriere.it

It is useless to hide it. If the social safety nets are not extended yet, an avalanche of layoffs could arrive. On March 31st, with the prohibition on dismissing, the Covid layoffs also expire, on June 30th the ordinary one in derogation. Extensions are not ruled out, but the government crisis and the unknowns about the pandemic lead to having to consider other avenues: investment in training.

The analysis of Ferruccio de Bortoli that on‘Economy of the Corriere della Sera, on newsstands tomorrow for free with the newspaper, presses on the country’s need to invest in expertise. The worst estimate speaks of a million jobs canceled – writes de Bortoli -. A more realistic forecast puts the figure between 250,000 and 500,000 units. Big numbers. Therefore, a less dramatic return to almost normalcy must be prepared in time with the social partners, taking care to safeguard people’s dignity. Ferruccio de Bortoli cites the National Fund for new skills among the steps forward: Half of the current employees need reskilling, retraining, he writes. And remember the positive case of Afol, the Milan employment agency. In many cases, he notes, relocation works.

Meanwhile, the morphology of Italian companies is changing: supplier capitalism is beginning to prevail. In fact, intermediate goods, according to an analysis of the weekly magazine on Istat data, strengthen Italian exports in the era of Covid. Products to make other products, such as microchips or ball bearings. the new made in Italy? Maybe. Not the panacea: the districts suffer.

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It is clear that the problem for companies, which in Italy are mainly family members, to continue investing, so as not to be caught unprepared for the end of the pandemic.

Here the acquisitions chapter opens. To grow a lot, companies need to take over other companies, but who can do it? Who was not burdened with debt when taking in a financial partner, for example. Trivial? Not so. A study promoted by the FSI fund with Bocconi University measures the impact of excessive initial debt: negative. Revenues, gross margin and the ability to invest are falling.

Among those who went shopping this year is the Pellegrini group which intends to add home deliveries to the traditional business of collective catering – company canteens. One way to deal with smartworking. We can continue to invest thanks to strong capitalization – says Valentina Pellegrini, vice president -. In 15 years my family has never taken profits.

Among the characters of the week there is Pietro Casella, president of the company of ready sauces Formec Biffi, to whom Economy dedicates the cover: invests in natural packaging. There is Andrea Orcel, the banker of the moment: chosen to lead Unicredit which could acquire, but perhaps not, the State Montepaschi. There is Pierluigi Paracchi, CEO of the biotech Genenta. And there is Roberto Colaninno who with Piaggio will launch 11 models of scooters and motorcycles with one director, electric mobility.

In the Savings section, the tips for securing your retirement.

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