Polish PM plans creation of 400,000 jobs

Polish Prime Minister Donald Tusk on Thursday urged to create 400,000 new jobs over the coming 12 months as the government seeks to bolster infrastructural investments. He also announced plans of deregulating the working hours and extending the period employers have to settle the working time with their employees from four months to 12 months, adding that this measure should offer businesses more flexibility. Its objective is to maintain the level of GDP and investments growth and to create jobs. It assumes raising the required investment capital through the sale of non-controlling interests of state-owned companies. Unemployment among Poland's college graduates may top 30 percent in 2013, the Polish Personnel Management Association reported on Wednesday. The main causes of unemployment among graduates were low investment in the national economy, low GDP growth and the non-adjustment of academic education to market needs.