Spain's Labor Reforms Start to Yield Results

To spur exports, Spain is leaning on labor
An employee works at the Villamuriel Renault factory in northern Spain in November 2012 Photograph by Cesar Manso/AFP via Getty Images

Pablo Garcia could not have wished for a better Christmas present. After a year without work, the 34-year-old Spaniard landed a job at a PSA Peugeot Citroën plant on the outskirts of Madrid. “We have increased production in recent weeks, and it seems there might be a new car model coming next year,” says Garcia, who works the afternoon shift on the paneling assembly line. “I’ve started to consider buying a new house in the neighborhood next to the factory.”

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