Summer jobs for students: The QFL, Solidarity Fund QFL and Québec Government Renew Funding for the Fonds étudiant solidarité travail du Québec



    MONTREAL, Oct. 6 /CNW Telbec/ - Representatives of the QFL, the
Solidarity Fund QFL and the Government of Québec held a press conference today
announcing signature of an agreement to extend funding of the Fonds étudiant
solidarité travail du Québec for the next ten years. This program provide some
300 students with stimulating, well-paying summer jobs.
    Set up in 1998 by the QFL, the Solidarity Fund QFL and the Québec
government to encourage employers to create summer jobs with a social and an
educational component, this fund is aimed at small business owners,
organization in the cooperative sector, not-for-profit community
organizations, and labour organizations.
    "This is an excellent initiative that we are proud to renew for the next
ten years. Thanks to the $20 million investment made together by the
Government of Québec and the Solidarity Fund QFL, and sound management of the
fund, we have to date helped nearly 3,000 youths better prepare for the
realities of the workplace. This type of initiative is right in line with our
values and we are extremely pleased to be able to do our part to help
students," said Michel Arsenault, President of the QFL and Chairman of the
Board of the Fonds étudiant solidarité travail du Québec.
    "In addition to holding an enriching summer job, students have an
opportunity to follow our economic training program. Developed specially for
them, this two-day course teaches them about Québec's economic situation, the
role of small businesses here and in the world, the role of non-profit
organizations, how the cooperative sector works, and the role of the
Solidarity Fund QFL. This program is highly effective and I'm happy to see
that the Fund can also make a difference in the lives of young people," stated
the Fund's CEO, Yvon Bolduc.
    "This fund is a success because of the stakeholders' commitment and
because of the enthusiasm of the students, who discover Québec from various
angles. I'm sure that this work experience has sparked their curiosity and
inspired many of them to further their studies. The testimonials of the
participants over the last ten years have been very gratifying and tell us
that we should be continuing in this direction," said Jean Martin, the
president and CEO of the Fonds étudiant solidarité travail Québec.
    To be eligible, the summer jobs must contain an educational component
that guides the students towards a stimulating field of study, and a social
component that helps them learn about Québec's socio-economic reality and that
teaches them about the importance of solidarity and their role as partners in
the development of Québec's society. The program is open to high school,
college and university students from all regions of Québec.

    About the Solidarity Fund QFL

    With net assets of $7.3 billion as at May 31, 2008, the Solidarity Fund
QFL is a development capital company that through its RRSP channels the
savings of Quebecers into investments in all sectors of the economy to help
create and maintain jobs and to further Québec's economic growth. The Fund is
a partner, either directly or through its network members, in 1,881 companies.
It currently has more than 575,000 shareholders and has helped, on its own or
with other financial partners, to create, maintain and protect over
126,000 jobs. For more information, visit www.fondsftq.com.




For further information:

For further information: The telephone number provided below is for the
exclusive use of journalists and other media representatives: Josée Lagacé,
Senior Advisor, Press Relations and Communications, Fonds de solidarité FTQ,
(514) 850-4835, jlagace@fondsftq.com


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