Spain’s economy continues to lose jobs. Unemployment there has risen for the fifth month in a row, and last year ended with nearly eight percent more people out of work, compared with 2010. Spanish TVE television went looking for some of them who left to try their luck in Latin America.
Italy rang in the new year with sour employment prospects. Unions say between 30,000 and 40,000 jobs could disappear in 2012. Protests are under way already, such as by people laid off by Omsa, because of their company’s relocation plans, RAI3 reported.
In France, 550 workers are afraid of their refinery closing. The Swiss group Petroplus, which has four refineries in Europe, announced that all lines of bank credit had been suspended. France 3 reported.
Germany, by contrast, had record high employment last year, with 41.4 million people in work. Its unemployment rate is barely over 7% – the lowest in 20 years. But to achieve that meant lowering salaries by 4% between 2000 and 2010. France 2 reported.