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Vincotech, a supplier of module-based solutions for power electronics, has pledged to continue its holiday tradition of donating to a good cause in lieu of sending Christmas gifts to customers. The company’s partner in philanthropy is again Plan International Germany. This aid organization will receive a €12,000 grant, provided in the name of the company and its customers, to fund vocational training for disadvantaged young Bolivians.
The youth unemployment rate in Bolivia is high with 30 percent of 20-to-24-year-olds lacking any sort of gainful employment. Some work on family farms, but inequality is an issue. Young women are likely to have fewer educational and job opportunities, which are particularly scarce in rural regions. And the few jobs available are often exploitative, paying less than minimum wage and subjecting workers to harsh conditions. Many of the young seek work abroad, leaving their families behind.