Recession-ravaged Italy shed 3.7% of companies in 2013

Some 1.5 million firms with employees estimated in Italy: Istat

(ANSA) - Rome, December 2 - The recession ravaging the Italian economy led to a loss last year of 3.7% of its companies, led by a drop of more than 7% in construction firms, national statistical agency Istat said Tuesday.
    That also meant job losses for employees, with the total number of workers falling by 2.3% in 2013, the agency said.
    A series of recessions and economic crisis have plagued the country since 2008, leading to a national jobless rate reported last Friday at 13.2% and an unemployment rate among youth at more than 43.3%.
    In all there were an estimated 1.6 million companies with employees in Italy last year, Istat said.
    Those firms involved 13.3 million people, 11.4 million of those employees.


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