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Asturias, third Spanish region in increase of employment generated by Foreign Direct Investment

Companies with foreign capital generated 31,855 jobs in Asturias in 2018, 10.9% more than the previous year

Asturias is the third Spanish autonomous community in terms of the growth rate of employment generated by Foreign Direct Investment (FDI) in Spain, according to the latest data published by the Ministry of Industry, Trade and Tourism, which corresponds to the year 2018.

Specifically, Asturias recorded an increase in the employment rate of 10.9% with respect to 2017, only behind Cantabria and the Community of Madrid (this with an increase of 11.7%). In absolute terms, the employment generated by FDI in Asturias in 2018 was 31,855 occupied workers.

The impact on employment generation is a different and very useful way of evaluating foreign investment, as well as one of its most beneficial effects for a territory’s economy.

In fact, companies with foreign direct investment participation and residence in Spain, including the most relevant multinationals and their subsidiaries, employed 1.56 million workers in 2018. This figure represents an increase in 2018 (the last year available) of 6.8% with respect to 2017.

Foreign Direct Investment stock

As for the stock of Foreign Direct Investment, where our region traditionally enjoys a good position, the Government has not yet made public the data for 2018. Asturias recorded a stock of FDI of 16,352 million euros at the end of 2017, 4.1% of the total for Spain.

The stock data is like a picture of the presence of multinationals in a territory and is a more stable parameter of measurement than foreign investment flows. The latest FDI data published by the Spanish Government correspond to 2017.

26 June, 2020 /  
Firma del acuerdo IDEPA Randstad junio 2019

Agreement with Randstad to facilitate the arrival of new companies in Asturias



The human resources and employment company will offer talent identification and selection services to potential investors

The Institute of Economic Development of the Principality of Asturias (IDEPA) and the human resources and employment company have recently signed a collaboration agreement to facilitate the arrival of new companies in the region.

Eva Pando, General Manager of IDEPA, and Andrés Menéndez, North Regional Manager of Randstad, have signed this agreement to allow both entities to collaborate in the processes of attracting potential investors to Asturias and to help them in the implementation of their projects.

The objective of the agreement is to offer these potential investors, attracted by IDEPA, Randstad’s services by making workers and personnel selection services available to them.

The IDEPA-RANDSTAD collaboration fits in the work carried out by IDEPA through its office “Invest in Asturias” to implement the policy of the Government of the Principality of Asturias for the attraction of new investments.

Asturias, an ideal place to invest

This task is made by presenting Asturias as the ideal place to invest, identifying potential investors, providing personalized attention according to the type of projects and needs, and accompanying the entire decision-making process of the company.

On the other hand, Randstad is a leader in the temporary employment sector, with extensive knowledge of the labor market both nationally and in the Principality of Asturias. It is the ideal partner to complement IDEPA’s work in the search for investors who modernize and diversify the regional productive fabric.

In 2015, Randstad created Randstad Research, a research and analysis center with objective and reliable information on the labor market and human resources. It is a very useful source to know the context and future of the labor market, trends and future challenges.

Randstad Research also stands out for its analysis of the diversity of talent in companies and the challenges for its management within organizations.

29 July, 2019 /