October 31, 2020

The Bank of Spain sees few options for reconversion in hospitality and commerce



The Bank of Spain has warned that the chances of retraining the employees most affected by the COVID crisis is “scarce”, especially in hospitality and commerce, while some branches of tourism would have more options when asked to reinforce SEPE and improvements in training.

In an article that analyzes the characteristics of the workers potentially most affected by the COVID-19 crisis and their employment opportunities in other productive sectors, the Bank of Spain stresses that among the employees of the most affected branches, the proportion of women, young people, groups with little training and temporary contracts is “especially high”.

By sectors, the Bank of Spain recognizes that there is greater employability in activities related to tourism such as transport, organized travel and leisure, but not for the hotel and business sector due to its poor training in ICT, writing, reading and numerical skills.

These employability problems that may arise for a significant part of the workers, they add, “entails the urgent need to reinforce the public employment service” with an individualized orientation, as well as to reinforce specialized training “in order to facilitate their transit to new vacancies.

The Bank of Spain recalls that the sectors related to tourism, hospitality, leisure and commerce account for 19.6% of total employment in Spain, about 3.75 million workers, and that after confinement these sectors will continue weakened by what could affect those jobs.

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