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Doczy: 05 Mar 2024
Posty: 1
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 Pablo Isla stops the salary increase at Inditex for the firs |
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The increase in the textile giant's profits would have been 3% higher if the currencies of the Latin American markets in which it operates had not devalued so much. El Corte Ingls, Inditex, Ford. buy again from Spanish suppliers Amancio Ortega reconverts Inditex to adapt it to post-crisis Spain with less purchasing power Public administrations have a debt of 500 million with Inditex One of the Zara stores. One of the Zara stores. Inditex workers will see their salaries increased this year by less than what they were used to in recent years. Increases close to 8% will remain around 5%. The reason is found in the devaluation of the currency in some of the Latin American countries in which the textile giant led by Pablo Isla operates. This circumstance weighs down the company's final result , when converting the global sales figure to euros. What suggests, according to union sources to which El Confidencial Digital has had access, is that Pablo Isla will apply salary moderation that will translate into less generous salary increases for some part of the workforce, or at least more progressive, than in previous years.
Although this remuneration policy cannot be generalized either. Inditex applies the principle of relocation in its centers in Spain. This means that different wages are paid for the same work performed. For this reason, the salaries of some workers have improved by up to 15% in recent months. 3% higher growth without devaluation Inditex Middle East Mobile Number List broke a new sales record in 2013 by closing its fiscal year (last January 31) with a turnover of 16,724 million euros, 5% more than in 2012 . But the growth, according to the sources consulted, would have been greater - 8% - if the currencies of many of the markets in which the textile giant led by Amancio Ortega operates had not devalued so much against the European currency. Salaries above the sector average Even so, their salaries, according to ECD sources internal to the company, are still above the average for each sector or the minimum established in the different provincial agreements. Inditex did not exceed the expectations of analysts in its latest results, who expected the multinational to increase its profit by 1.3% compared to , to 2,390 million euros.
This time the textile giant fulfilled the script or fell short, with a net profit of 2,377 million, 0.7% more than the previous year.That's something else," they explain. The electricity companies maintain a particular battle with the Ministry of Industry due to the strong cuts it has introduced in the business, especially in relation to distribution . In addition, the reform of the electricity pool, where the daily price of electricity is set, is still pending.This is demonstrated by the increase with the crisis, as we have seen, in the number of Spanish executives who have an armored contract. This year, for the first time, the CNMV has forced companies to report on this issue in detail in their annual reports, which has caused another slap on the wrist from Brussels to the Government, the second in five years , to put limits on these million-dollar compensations.
The fear comes from the “German hands of the ECB ” taking more than necessary on the valuation of refinancing or the assessment of risks, especially in certain companies in suspension of payments ( a good lot of them ) and the brick package I doubt it's still limping around. Germany does not have that problem, neither in companies nor in bricks, since its business fabric is healthy.
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