Businesses have allocated €110m from their training funds to tackle youth unemployment, reports BNR radio on Tuesday.
The money comes on top of €23m the government has already made available, the station says on its website.
The cash comes from various sector organisations such as the metal and construction industries.
Part of the money is to be used to ensure work experience placements and on-the-job training continue during the recession. Earlier this year Colo, the umbrella association for the industries’ training bodies, warned that 150,000 such places could be at risk as a result of the economic crisis.
Ben Reigersberg of Colo told BNR that it is of ‘utmost importance’ that young people continue to be trained for technical jobs during the economic crisis.
Colo presented its action plan for tackling youth unemployment to the government on Monday, says BNR.
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