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Spain's Bankia to cut 6000 jobs amid recession concerns for Q4

EU Times — Wed, 28 Nov 2012 21:47:46 +0000

Spain’s nationalized Bankia says it plans to cut 6,000 jobs by laying off about 28 percent of its staff over the next three years. The announcement on Wednesday follows a preliminary report on Madrid’s overall economy by the Spanish Central Bank suggesting that the country’s job-killing recession is expected to persist into the final quarter […]

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Spain jobless rate exceeds 25 percent in 3rd quarter

EU Times — Sat, 27 Oct 2012 18:40:48 +0000

Official data show that Spanish unemployment rate has exceeded 25 percent in the third quarter of 2012 as the country continues to grapple with economic woes. New figures released by Spain’s National Statistics Institute on Friday showed that the country’s unemployment rate climbed to 25.02 percent in the third quarter, up from the previous 24.63 […]

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