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Rudd Government’s $1bn boost for young workers

The Daily Telegraph

February 17, 2009 12:01am

 

Government boost for young workers
The government is finalising a new jobs and training package to support an apprentice led recovery….

  • One-third of apprentice wages subsidised
  • Help for school, uni leavers
  • Hope for apprentices to lead recovery

THE Federal Government is preparing to subsidise apprentice wages by up to a third in its latest bid to stem a flood of workers on to the dole queue.

Thousands of school and university leavers will also be offered assistance to find work under plans for a “jobs compact”, Sydney’s Daily Telegraph reported.

Companies hoping to win infrastructure contracts may be forced to take on young workers as the Government pushes for an apprentice-led recovery.

With the economic meltdown forcing bosses to shed thousands of staff, Prime Minister Kevin Rudd is finalising a new jobs and training package.

The plan is expected to cost at least $1 billion, with some sources claiming it could spiral closer to $2 billion.  It is likely to be unveiled next week and forms another plank in the Government’s big spending plan to stave off recession.

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