The Malta College of Arts, Science and Technology (Mcast) and nine other partners are involved in a new EU-funded project focussed on the employability of people aged over 55 in the financial services industry.

The Intergenerational Learning Partnership Over 55 (ILPO55) Erasmus+ was recently launched with the main aim of providing tangible tools and approaches to improve the employability and efficiency of this profile of employee.

The project also seeks to support the imparting of skills and the transfer of work-based competencies from staff in this age bracket to younger generations of employees. This strategy would help reduce skills mismatch and support entrepreneurial behaviour, thereby resulting in better exploitation of competencies and work experience of staff aged over 55.

It is envisaged that the framework developed by the project will also serve as a benchmark for other sectors.