Stopping production. The program comes as Inditex released first 2012 quarter results with increasing sales in Asia, but the Spanish market, badly hit by the crisis, is loosing in importance and now only accounts for 22 percent of the group’s global turnover. This is a symbolic decision but it is important for the group, which always maintained production in the country, even if it was negligible. Now Spain is making the turn to becoming only the center for logistics. At the same time, the group announced that logistics infrastructures in the country would be extended: extension in Galicia, a new center in Guadalajara, close to Madrid, and another near Barcelona. All these should create 1,400 jobs.
decision but it is important for the group, which always maintained production in the country, even if it was negligible. Now Spain is making the turn to becoming only the center for logistics. At the same time, the group announced that logistics infrastructures in the country would be extended: extension in Galicia, a new center in Guadalajara, close to Madrid, and another near Barcelona. All these should create 1,400 jobs.
For Inditex, production in Spain is only residual activity. In tot
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