Spain’s low wages need fixing, new cabinet must expand support to industry-FEIQUE

摘要

LONDON (ICIS)--Spanish workers’ salaries took a hit after the 2008 crisis from which they have not yet recovered, and improving them should be the country’s priority under the newly formed government, according to the director general at chemical trade group FEIQUE. While employers and employees are bound to clash when it comes to salary negotiations, Juan Antonio Labat conceded that Spain’s strong recovery since 2014 has had a lot to do with salaries being frozen for years or even decreasing, which allowed the country to gain competitiveness.