Spain Runs Out of Workers With Almost 5 Million Unemployed

by Bill Fester on July 1, 2016

in Industries, Jobs, People

Spanish headhunter Samuel Pimentel just can’t find the candidates.

After a frustrating search for specialist consultants for a client, he’s given up and is casting his net elsewhere.

“We were looking for people for two months,” Pimentel, a partner at Ackermann Beaumont Group for Spain and Latin America, said in a telephone interview. “We managed to find one in Spain. We turned to Argentina for others.”

Pimentel’s experience reflects a bizarre feature of the Spanish labor market that is hampering the country’s efforts to repair the damage from the economic crisis. Even with close to 5 million people out of work, the next prime minister will face labor shortages with employers struggle to find the staff they need.

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