A plan to increase workers' pay
packets by giving them the option of receiving severence pay in
advance would be "counter-productive" for small firms already
facing a credit crunch, Confindustria small business president
Alberto Baban said Friday.
"Weakening or in whatever way, aggravating a system that at
the moment still has not stabilised at a critical time for small
and medium firms, is counter-productive," Baban told a Naples
conference on small and mid-sized business.
Baban said it was too early to say whether the scheme would
be a drain on firms' liquidity, but "at the moment small and
medium firms are still in a period of difficulty, credit crunch
and difficulty in access to liquidity".
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