The job market - Current situation and outlook

For the time being, the Spanish job market shows few signs of a significant recovery in the short-term. Negative figures are expected to continue, though the number of unemployed is levelling out. According to Spain's Employment Services, monthly unemployment levels continue to reach record highs, and according to the EPA (Active Population Poll) the unemployment rate now stands at more than 18%.

2010 is expected to continue to be a difficult year in the job market, though improvements and growth are expected for 2011.

ACCIONA is navigating the current international crisis successfully, thanks to the Company's solid financial position, our diversified activity (in terms of sectors and geographical location) and our excellent positioning as a sustainable company. Even so, where jobs are concerned, some of our businesses have had to make adjustments. Also, job creation and hiring have slowed significantly compared to two years ago.

However, it should be noted that, thanks to our international growth, we have opened a range of selection processes in several countries where we operate, opening up excellent opportunities for professionals who are looking to get on the first step of the international career ladder or to move up further.