How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Friday 6 December 2013
- Join us for FREE IHT advice in Murcia & Costa Calida
- Crime Pays (In Spain at least)
- Madrid : Spain's Fashion Centre
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Spanish Tourism Stats Confusion
- Wincham announce opening of Marbella office
- Unauthorised Financial Advisers in Spain : UPDATE
- Community Insurance in Spain
- Calendar Girls
- Own a Property in Spain ? Then you need to read the following
- Considerations when Insuring your Boat in Spain
Gov't reforms to create 800'000 new jobs by 2020
According to government accounts, the labor reform approved in February will reduce unemployment by around 800,000 before 2020.
However, it is to be expected that this positive change will only be seen in the medium to long-term, with the Labour Force Survey for the first quarter of 2012 showing how an additional 400'000 joined the ranks of unemployed.
Following the Cabinet meeting last Friday, Minister of Economy Luis de Guindos, was even more optimistic, claimin that the set of structural reforms adopted by the Government will result in the creation of 2 million jobs by 2020, and a GDP growth potential of 1.0% per year.
On the downside, the government estimates that theses reforms will result in the loss of purchasing power until at least 2015.
The application of the labor reforms will lead to a low growth in compensation per employee in 2012 (0.2% during Q1 2011) even in the context of significant job losses. A fall is expected in 2013 (-0.4%) with the following 2 years being minimal (below 0.3%). This contrasts with inflation, which means that the loss of purchasing power for workers will be considerable.
Latest News & Stories
- Catalonia wants to cancel licenses for at-risk drivers
- Merkel Denies Forcing Spain Into Bailout
- IMF Praises Spain's Banking Reforms
- Greater powers for Spain's central bank planned
- Spain Appoints New Body To Represent SMEs
- Spain retailers take on more holiday staff
- Spain ‘will take 20 years to recover from crisis’
- Emergency Landing at Madrid-Barajas
- A quarter of expats not being offered moving allowance
- Spain to Privatise Rail Services From Early 2014
- Employee rights & working conditions in Spain
- Employing Staff in Spain
- Claiming Spanish Benefits in Spain