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Young Jobs – a response to growing youth unemployment
17-02-2011 11:53
Youth unemployment has become a growing problem in Sweden. Current numbers point out that 22 percent of the people in the ages 15 to 24 are listed as job seeking. Those who fail to get that first job might face long-term alienation and social stigmatization.
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That is why Swedbank and the savings banks launched the project “Young Jobs” in the beginning of 2010. The idea is to use Swedbank´s and the savings banks’ extensive network of branches to encourage the creation of trainee positions for people in the ages between 18 and 24. The aim of the project is not only to create trainee positions at the actual branches but more importantly to encourage and help the bank’s corporate clients to offer trainee positions themselves. The employees at Swedbank´s nearly 350 branches in Sweden have close relationships with local business owners as well as with municipality representatives. The bank´s employees have a good understanding of the local companies´ operations as well as their needs and are therefore in a good position to discuss the possibility to engage a young apprentice. The project is conducted in cooperation with local employment offices.
Since the start of the project nearly 2000 trainee jobs have been created within Swedbank, the savings banks and our corporate clients.
