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Italy has lost 134,000 small firms since start of crisis

CGIA says self-employed have no benefits to fall back on

16 February, 15:32
Italy has lost 134,000 small firms since start of crisis (ANSA) - Venice, February 16 - Italy lost around 134,000 small businesses between the start of the global economic crisis in 2008 and last year, according to a report released Sunday.

The study by the Mestre branch of artisan and small business association CGIA included enterprises run by artisans and other enterprises managed by the self-employed.

CGIA said these people are especially vulnerable as in Italy they are not eligible for unemployment benefit or income support when they find themselves out of work.

"Unlike employed workers, when a self-employed person's business ends, he does not have any measure to support his income," said CGIA Secretary Giuseppe Bortolussi.

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