The ESF supports Lithuanian government's initiative to reduce youth unemployment
In Lithuania, an ESF co-funded initiative to reduce youth unemployment was launched by the government in August. To address the 30% unemployment rate among the young, the €5.8 million initiative involves giving grants to employers to cover 50% of wage and social insurance costs for employees under 29 years old. Aimed at young people with little work experience or who are suffering long-term unemployment, the initiative will support 5000 jobs. Launching the project, government minister Donatas Jankauskas said: “Reducing youth unemployment is now the priority”. A similar, earlier scheme saw 80% of the young participants acquire permanent jobs, so the new initiative is expected to make a real impact on youth unemployment.