The government said it "has always considered labour reform to be one of its priorities, an essential tool in giving a new boost to the country's growth," and said there was a "positive spirit of collaboration" with social partners.
Monti, who came to power in November amid panic on the financial markets over the state of Italy's finances, aims to boost growth by abolishing protectionist barriers in the economy, but his plans have angered trade unions.
The meeting with Monti and Labour Minister Elsa Fornero will take place on March 20, and aims to wind up negotiations begun in January. The government has said it wants "a complete agreement to be reached by the end of March."
Former Eurocrat Monti has said he wants to make Italy's labour market more flexible and make it easier to fire workers, but critics say his planned reforms will increase unemployment.
There were tense exchanges at the beginning of the week, when proposals for unemployment benefits were rejected by the unions as unfavourable for workers.
"If the government were to be flexible, the agreement on labour law reforms would be reachable," the CISL union head, Raffaele Bonanni, said Wednesday.
Monti has not ruled out taking his plan to parliament without the backing of the trade unions, but their opposition would make it more difficult for him to win the approval of the main centre-left Democratic Party on the reforms.
Italy's current debt-to-GDP ratio is at around 120 percent and Monti is unwilling to back down on his growth-boosting measures.
The government is forecasting a GDP contraction of 0.4 to 0.5 percent this year but the Bank of Italy says the figure could be closer to between 1.2 and 1.5 percent depending on how borrowing costs evolve in the months ahead.
The International Monetary Fund is predicting a contraction of 2.2 percent.