Perú: Special labour retraining programme Revalora Perú

Following a period of major growth in the Peruvian economy, which had a positive effect on demand for employment, the present economic crisis presents a new context characterized by loss of jobs in specific sectors. The fall in prices and in the demand for metals, raw materials, and garments have had a negative effect on employment at export companies based in the main coastal cities. In addition, such sectors as construction and urban activities in trade and services are experiencing sustained growth of employment. As a result, the Peruvian Government designed the Revalora Perú Programme (Re-value Peru) aiming to mitigate the impact of the crisis on employment. The programme comprises a job-retraining strategy focusing on unemployed workers in the most severely affected sectors, so that, on the basis of their skills and training, they may be relocated and placed in sectors not affected by the crisis. Thus the Programme not only curbs rising unemployment and facilitates rehiring of displaced workers, but also responds to employment demand in emerging sectors.