Some 3,000 press jobs lost in Spain since crisis

19th October 2009, Comments 0 comments

Around 10 percent of Spanish journalists have lost their jobs since the country was hit by the economic crisis last year a journalists' association said.

Madrid - Around 10 percent of Spanish journalists have lost their jobs since the country was hit by the economic crisis last year, a journalists' association said.

A total of 2,877 journalists have left the industry through layoffs, negotiated departures and early retirements since November 2008, when around 30,000 were employed, said the head of the Federation of Journalist Associations in Spain, Magis Iglesias.

The Spanish press industry has suffered a drop in advertising revenue of around 30 percent since the economic crisis.

Iglesias criticised media outlets for a lack of vision during the years before the crisis and called on them to turn to new technologies.

The head of the Madrid press association, Francisco Gonzales Urbaneja, said earlier this year that around 5,000 jobs could be lost in the industry by the end of 2010.

Spain entered recession in late 2008. Its economy, Europe's fifth biggest, has been hit particularly hard by the world economic crisis after a decade-long boom driven by the construction industry came to an end.

The unemployment rate is now at 17.92 percent, about twice the eurozone average.

AFP/Expatica

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