Posts Tagged ‘jobs’

65% of firms in Spain set to hire this year

65% of firms in Spain set to hire this year

As Spain’s economy continues to recover and the labour market shows signs of improvement, local firms are set to increase their workforce in 2015, according to Adecco. The consultancy firm interviewed over 300 companies and human resources’ professionals last month, discovering that 65 percent of businesses plan to hire more staff. So good news for the country’s just over 4 million unemployed!

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Basf to Expand Investment in Tarragona

Basf to Expand Investment in Tarragona

With the Spanish economy continuing to expand at a faster rate than its European neighbours, there was further good news on the foreign investment side for Spain. Basf, the largest chemical producer in the world, has announced that it is planning to invest 21 million euros with the opening of a new line at their agrochemical plant in Tarragona, in the country’s Cataluña region. Currently the plant is the largest…

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Volkswagen Increases Spain Investment

Volkswagen Increases Spain Investment

Spain’s automobile industry received a double dose of good news last month: another extension to the government’s sector subsidy scheme and a 4.2 billion euros five-year investment commitment from Volkswagen! The German car manufacturer has earmarked the cash for improving installations and R&D at its two plants, one of which is its Seat factory in Martorell, near Barcelona, and the other in Pamplona in Navarre, home to the VW Polo. Spain is a key market for Volkswagen and its latest project – which has been touted as the largest ever industrial investment in the country – will guarantee the future of the group’s facilities.

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Spain Still Attracts Foreign Investors

Spain Still Attracts Foreign Investors

Spain’s recovering economy and the increasing competitiveness of its industries are driving a fresh inflow of foreign investment. In 2014, Spain came 9th in the rankings of countries which attracted the largest amount of global investment. No mean feat for a country which only two years previously was teetering close to the brink of a bailout as its risk premium hit historic highs amid doubts over its ability to balance its books.

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Nestle Hikes Capacity at Spain Coffee Plant

Nestle Hikes Capacity at Spain Coffee Plant

Nestle has recently become the latest international firm to bet on Spain as an investment hotspot! In March it announced a 102 million euros investment in a new coffee production facility at its plant in Girona, north east Spain. The project is expected to create around 300 jobs in the construction phase and an additional 40 at the plant when it is fully operative at end-2017.

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Madrid’s Canalejas Project Boosts Economy

Madrid’s Canalejas Project Boosts Economy

A major makeover is underway in the centre of Madrid which will boost the economy and create a substantial number of jobs! The so-called Canalejas project – referring to the emblematic Canalejas square at the heart of the new urban development – is spearheaded by Spanish businessman Juan Miguel Villar Mir, chairman of builder OHL and its private conglomerate parent Grupo Villar Mir. It already has attracted a slew of investors, both domestic and overseas, including top hotel group Four Seasons. The Canadian chain will open its first hotel in Spain, a luxury 215-room establishment.

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Ford to Boost Capacity at Valencia Plant

Ford to Boost Capacity at Valencia Plant

Ford Motor Company plans to boost output at its Valencia plant by 40 percent in 2015, thanks to the final part of a 2.3 billion euros expansion of its operations in Spain. The US car manufacturer is aiming to churn out about 400,000 vehicles at its Almusaffes plant this year, in what has been touted as the biggest ever investment in the Spanish automobile industry.

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Spain Grows Faster Than European Rivals

Spain Grows Faster Than European Rivals

Spain is expected to be the highest growth market in the eurozone in 2015, according to the International Monetary Fund (IMF)’s World Economic Outlook report published last month. No mean feat for a country which was once a protagonist of the region’s sovereign debt crisis and exited a two-year recession just 18 months ago. Spanish GDP is forecast to expand 2.0 percent in 2015, according to the IMF. This compares with the estimate released by the organisation last October for 1.7 percent growth.

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Lidl To Open Logistics Centre in Madrid

Lidl To Open Logistics Centre in Madrid

There was some welcome good news for the Madrid region last month, both on the employment front and in terms of foreign investor interest!
German discount supermarket chain Lidl said it will earmark 70 million euros for a new logistics centre in Alcala de Henares, on the outskirts of the Spanish capital. This will be Lidl’s largest logistics platform in Europe and the construction work and commissioning of this distribution centre will create 100 jobs.

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