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27 May 2011

The Spanish government , battling to rein in public spending, wants Telefonica to foot the bill for unemployment benefit due to 8,500 employees the telecoms group plans to lay off,

The Spanish government , battling to rein in public spending, wants Telefonica to foot the bill for unemployment benefit due to 8,500 employees the telecoms group plans to lay off, the Labour Minister said on Thursday.

Spanish newspapers reported on Friday that the cost of benefits for the 25 per cent of Telefonica's Spanish workforce to be laid off would be 270 million euros to 440 million euros ($615 million).

The total value of benefits paid to those workers, additional to the redundacy package paid by Telefonica will depend on how long they have worked, their current wage and the formula used in firing them, under Spanish legislation.

Telefonica declined to comment. The telecommunications company is reining in costs in Spain, having suffered tough competition in a stagnant economy which has made it more expensive to win and retain customers while unemployment affects more than one in five.

19 May 2011

ONE of the Costa del Sol’s 10 Most Wanted, Jamie Dempsey, is being held in connection with a 90 million euro cocaine empire.


Dempsey, 33, from Essex, was arrested during a raid on a property in Benahavis, Marbella for allegedly conspiring to supply 299 kilos of cocaine in spring 2009.
It follows Dempsey’s appearance on the wanted list, issued by the Serious Organised Crime Agency (SOCA) in February.
Dave Cording, of Crimestoppers, said: “This is another great result which means that now 50% of the most recent batch of wanted individuals have been arrested.


“Not only is the campaign successful in tracking people down in Spain, but it displaces them as well.”

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