The culture that is Italy

The new (old) labor market idea — you can call it fifth best perhaps — is hereditary jobs:

It is a problem many a company faces in these tough times: how to
replace older – and costlier – workers with younger, cheaper ones.

Rome bank has what it thinks is the solution: to make the jobs
hereditary. Under a deal signed with unions this week, 76 employees of
Banca di Credito Cooperativo di Roma (BCC di Roma) must take early
retirement but they will get a choice: either take a payoff or leave
your job to your son or daughter (or indeed any relative "up to the
third degree", which would allow the post to be left even to
great-nieces and nephews).

The full story is here and I thank The Browser for the pointer.


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