Jacobo Martínez: "Spain needs a different system to tackle not only the Covid crisis but also structural unemployment"
The head of labor and employment at Eversheds Sutherland discusses the spike in labor, insolvency and restructuring procedures we can expect to see as Covid-19 subsides.
Leaders League: What have been the most significant changes in labor law since the start of the crisis?
Jacobo Martínez: The coronavirus pandemic has affected a multitude of sectors and companies. The government has established a model based on ERTE (Record of Temporary Employment Regulation) procedure, according to a conjunctural situation that responds to a time-limited circumstance, understanding that this is not a structural or permanent stage.
After a year of unusual activity, what trends are we going to see regarding labor in the near future?
Companies expect measures related to internal flexibility within business for structural or permanent needs, that can reduce the number of redundancies in cases not related to a conjunctural situation. Spain needs a different system to attend to not only the crisis but also the problem of structural unemployment that our country suffers.
Which sectors have been most affected by the crisis caused by the pandemic?
The impact of the pandemic has been different depending on the sector and the type of company. Tourism, hospitality and some commerce sectors are clearly the most affected.
"Tourism, hospitality and some commerce sectors have been most affected by the pandemic"
What are your key objectives for the Spain office as new managing partner?
I aim to double the firm’s billing as well as the number of professionals in the company, increasing productivity in a context that could be summarized by the consolidation of the firm as a company. We are experiencing critical growth at this complex moment, and must consolidate business processes.
What is your perspective on the recovery of the economy? How will that affect the legal sector in Spain?
We presume that at the end of next year there will be a significant reactivation in the transactional sector, mainly in opportunistic operations in the market regardless of competitiveness, with the parallel development of activity related to labor, procedural, and insolvency and restructuring processes.
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