The telecommunications company ONO is set to shed 1,300 jobs, almost one-third of its workforce, as a result of the current economic situation and the bleak future outlook in the sector. ONO, which offers telephone, internet and television to six million customers through its own fibre optic network, had to reduce its workforce by 700 people in 2006 after it …
On the up
The Euribor rate, the basis of many mortgage and interest calculations, hit a new record high today of 5.526% and unemployment in Spain is now at the highest level since 1997. There are now 2,625,368 registered unemployed, the highest total since May 1997, after September saw another 95,367 people without work. The increase is across all sectors, although construction continues …
Unemployment up again
Unemployment in Andalucía rose by 24,551 in August, an increase of 4.7% on the previous month, and brings the total jobless in the region to 613,911.
Jobless
Unemployment throughout Andalucía continues to rise with a total of 551,404 registered unemployed, up by 5,885 on April 2008.