CEOE labels the general strike a failure and reduces follow-up to less than 5%

CEOE and Cepyme describe the general strike of November 11 as a “failure” and put turnout at below 5% with business activity almost normal.

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Elecciones generales del 29 de noviembre · Demócrata

The Spanish Confederation of Business Organizations (CEOE) has assured that the general strike called by the unions for this November 11 has been a "failure", by estimating that support has not reached 5% on average across all territories and sectors.

CEOE and Cepyme have been compiling throughout the day data from their territorial organizations, sectoral associations, and affiliated companies in order to take the real pulse of the impact of the general work stoppage this Wednesday, November 11.

"With the information available by mid-afternoon, we can talk about a strike at the historic minimum level at the sectoral and territorial level. In short, a failure", the employers' associations stated in a communiqué sent to the media.

According to this information, most companies and economic activities have operated with complete normality in almost all sectors and areas of the country. Based on the data provided, follow-up stands at below 5% on average both at the territorial and sectoral level.

As a complementary indicator, the employers' associations are also observing how electricity demand evolves throughout the day. With the figure available at 17:00, consumption has been reduced by barely 4.7% compared with the forecast of Red Eléctrica and by 2.5% compared with the previous day, percentages they consider far lower than those recorded in other general strikes.

CEOE and Cepyme have also said that they cannot understand that the Government has encouraged support for this strike at the same time as it touts the good data from the Spanish economy, because, in their view, it projects a "lamentable" image to the outside and contributes, among other aspects, to driving away the arrival of investments.