Nestle to Help Find 20,000 Jobs for Unemployed Youth in Europe

Nestle SA, the world’s biggest food company, said it will start a program to help find jobs and traineeships for at least 20,000 young people in Europe as unemployment worsens in the region.

Nestle will offer jobs and apprenticeships on factory floors, sales departments and in business management to people under 30, and urge its suppliers to do the same, the Vevey, Switzerland-based company said today in a statement.

Unemployment in the euro region rose to a record 12.2 percent in April after the currency bloc’s recession worsened in the first quarter. Joblessness among young people was 24.4 percent.

“Governments alone cannot resolve the problem of youth unemployment in Europe,” said Laurent Freixe, head of Nestle’s Europe unit, in the statement. “Companies must play their part.”

Nestle, which employed about 339,000 people at the end of 2012, according to data compiled by Bloomberg, said it will unveil further details about the program in September.

Before it's here, it's on the Bloomberg Terminal.