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Spanish Business News

The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Strike in Spain 8th June
01 June 2010 @ 15:17

MADRID, May 17 (Reuters) - Spanish unions have decided to delay a public sector strike to protest wage cuts to June 8 as they wait for the government to clarify planned austerity measures aimed at cutting the budget deficit.

'We'll know the details of the impact of the government's cuts on May 20, so for organisational matters we've decided to push back the strike until June 8,' a spokesman for Spain's second largest union UGT said on Monday.

Public Works Minister Jose Blanco told TV station Telecinco on Sunday that state employees stand to lose between 36 and 220 euros a month from wage cuts aimed at reining in the country's budget deficit.

The government is studying salary cuts of between 2 and 8 percent for civil servants to save over 4 billion euros. The majority of Spain's 2.8 million state employees earn between 1,200 and 3,000 euros a month, El Pais reported on Monday.

Source: Reuters

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sandra brown said:
01 June 2010 @ 14:14

Does the strike on 8th June affect air travel?

Spanish Business News said:
01 June 2010 @ 22:06

Hi Sandra,
I would imagine there will be some transport disruption, particularly local transport and RENFE.

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