Telefónica to shed up to 5,500 jobs, over 25% of its workforce in Spain
Telefónica is to cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm...
Employment
Spain pushes back ‘Verifactu’ invoicing system for SMEs and self-employed to 2027
The Spanish government has decided to give small firms and self-employed workers additional time to adjust to the new Treasury-designed invoicing system, Verifactu. Under the...
Telefónica to pursue 5,000 job cuts in Spain, according to union
Spain’s heavily indebted telecoms heavyweight Telefónica is preparing to shed up to 5,040 positions across three of its subsidiaries as part of a sweeping overhaul,...
Brussels confirms Spain as EU’s economic engine, lifting growth forecast to 2.9% this year
The European Commission issued its revised autumn outlook on Monday, lifting its expectations for Spain’s economic performance to 2.9% growth in 2025 and 2.3% the...
Spain’s population reaches all-time high of 49.4 million, driven by immigration
Spain’s population rose by 105,488 people in the third quarter of 2025, reaching 49.44 million residents as of 1 October, according to the latest figures...
Spain’s IBEX 35 hits all-time high, surpassing 2007 peak
Spain’s blue-chip index IBEX 35 on Tuesday hit a new record high, surpassing its previous peak in November 2007, closing a year in which it...
Spain’s unemployment rate rises slightly, even as number of people employed hits new record
Spain’s unemployment rate rose to 10.45% in the third quarter of 2025, even as the number of people with jobs rose to a new record,...
Spanish government backtracks on highly criticised self-employment contributions overhaul
After a backlash from employers, trade unions and several parliamentary groups, Spain’s Minister for Inclusion, Social Security and Migration, Elma Saiz (main image), has bowed...
IMF confirms Spain’s lead as fastest-growing advanced economy for two years in a row
The International Monetary Fund (IMF) has once again identified Spain as the fastest-growing advanced economy in the world. In its latest update, the IMF revised...
Spanish economy grew faster in second quarter than initially estimated
The Spanish economy raced ahead of the rest of the euro zone in the second quarter, growing at an even stronger pace than initially thought....
