Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Spain- Union says peaceful marches held in 60 cities  Join our daily free Newsletter

MENAFN - Saudi Press Agency - 13/03/2012

No. of Ratings : 1
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093492524%26title%3dSpain-Union-says-peaceful-marches-held-60-cities Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093492524%26title%3dSpain-Union-says-peaceful-marches-held-60-cities Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Saudi Press Agency) Tens of thousands of Spaniards protested on Sunday against a new labour law which hands more power to employers by making it cheaper to fire workers and easier to restrict wage hikes, according to Reuters.

The demonstrations were the first since unions called a general strike for March 29 and add to a growing number of street protests against government reforms and spending cuts aimed at putting Spain's finances back on track.

Union organisers said as many as half a million people attended the peaceful marches in 60 cities, where protesters beat drums and waved red union flags, although police gave no official estimate.

Spain has the highest unemployment rate in the European Union at 23 percent and the government predicts this will hit a record high of 24.3 percent this year. Spain accounts for nearly a third of all the jobless in the euro zone.

The centre-right government says measures like cutting severance pay to 33 days for every year worked from 45 days and restricting inflation-linked salary hikes will bring flexibility to Spain's rigid labour market.

The government is desperate to show Brussels it is serious about enforcing unpopular structural reforms and spending cuts aimed at keeping its budget under control.

The March 29 general strike is the first since September 2010 when unions balked at a watered-down labour reform enforced by the previous Socialist government.

The 2010 strike had limited impact aside from disrupting transport and factories.

Around three-quarters of Spaniards do not believe the labour reform will help create jobs, according to a recent poll. However, 67 percent believe a general strike will not help matters and may make the situation worse.

 






  MENA News Headlines
May 22 2013India's Ranbaxy pumps in $300 mn to improve safety ,AFP
(MENAFN - AFP) Indian generic giant Ranbaxy said Wednesday it has spent over $300 million to overhaul its operations and ensure no repeat of drug safety violations that led to a multi-million ...

May 22 2013Europe's biggest port, Rotterdam, opens major extension ,AFP
(MENAFN - AFP) Europe's busiest port of Rotterdam opened a multi-billion euro extension on Wednesday, with wider and deeper basins to accomodate the world's biggest freight ships. The Maasvlakte 2 ...

May 22 2013EU leaders face up to shale challenge ,AFP
(MENAFN - AFP) EU leaders agreed Wednesday to face up to the challenge posed by the shale oil and gas revolution which has slashed US energy prices, undercutting Europe's competitive edge. "All ...

May 22 2013Contemporary spin on ancient art in Rome exhibition ,AFP
(MENAFN - AFP) From ancient Greek statues with futuristic helmets to gladiator shields decorated with shoes, a series of Italian contemporary art works are going on show among the ruins of Rome's ...

May 22 2013Cheaper yen attracts record visitors to Japan ,AFP
(MENAFN - AFP) A record 923,000 foreigners travelled to Japan in April, up 18.1 percent from a year earlier, taking advantage of a weaker yen and an increase in chartered flights, a government ...

May 22 2013Spanish flamenco's coming home... to India ,AFP
(MENAFN - AFP) Spain's oldest flamenco festival will visit India in 2014, retracing the origins of the classic Spanish musical form, organisers said Wednesday. The Cante de las Minas festival ...

May 22 2013More English at French universities? The debate begins ,AFP
(MENAFN - AFP) France's lower house began debating a proposal Wednesday to introduce more courses in English at universities, amid a storm of controversy in a nation fiercely protective of its ...

May 22 2013IRS official refuses to testify before Congress ,AFP
(MENAFN - AFP) The IRS official who oversees non-profit applications refused to testify Wednesday at a congressional panel probing abuse at the US tax agency but defiantly insisted she had done ...

May 22 2013Germany's Bundesbank chief says France must cut deficit ,AFP
(MENAFN - AFP) The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday. France was ...

May 22 2013BoE boss again loses call for more QE stimulus ,AFP
(MENAFN - AFP) Bank of England governor Mervyn King called in May for more quantitative easing stimulus cash at his penultimate meeting, but was out-voted for the fourth month in a row, minutes ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help