During 2009 the redundancy fund has released 918 million hours with an increase of 311.4% against 2008.

However data of December 2009 are showing some sign of softening with 101 million hours authorized that is scoring a +2.24% on monthly basis but a +230.6% against December 2008.

Unemployment figures are showing in November 2009 a decrease of 5% against October but + 11.6% against November 2008 with a total of 114,000 demands.

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(Sourced from www.steelprices-europe.com)