Home / Knowledge / News / Apparel/Garments / Inditex creates 10,800 new global jobs in 2012
Inditex creates 10,800 new global jobs in 2012
17
Jul '13
The Chairman of Inditex, Pablo Isla, presented an overview of the 2012 financial year at the Annual General Meeting. The performance highlights the Group’s sustainable growth in physical stores and online business, which directly generated over 10,000 new jobs during the year. 
 

Pablo Isla also highlighted Inditex’s capacity to stimulate economic growth through strong investment and the value generated from purchases to suppliers, payment of wages and tax contributions

The Inditex’s Annual General Meeting was held at the company's headquarters in Arteixo -A Coruña. The meeting was chaired by Pablo Isla, Inditex’s Chairman, who reviewed the achievements of the Group in 2012. In his presentation to shareholders, Pablo Isla referred to the growth of the Group over the period, increasing to over 6,000 stores in 86 markets while also expanding its online business to 23 markets. 

The Chairman and CEO highlighted the role Inditex plays in stimulating the economic growth, job creation - 10,800 new jobs created in 2012 – and direct investment of c.€1.4 billion. A substantial part of this investment was in Spain, mainly on new logistics facilities, the modernisation of existing platforms and the expansion of the headquarters of Inditex and its retail formats. 

Pablo Isla stressed how Inditex's international growth has a direct impact on the Spanish economy in the form of employment and the balance of trade, as well as through the business undertaken with more than 6,600 Spanish suppliers which together invoiced Inditex in excess of €3.4 billion in 2012. 

Mr Isla also stressed Inditex’s commitment to sustainability and to its customers. In particular, Pablo Isla mentioned the emphasis on quality. In 2012 this involved nearly 1.5 million tests of garments to ensure compliance with the most demanding product health and safety standards worldwide. 

Inditex’s Chairman also drew attention to the more than 3,500 audits carried out on suppliers under Inditex’s Code of Conduct, and highlighted that more than 91 percent of production is manufactured by suppliers with the highest rating. Furthermore, Inditex's environmental strategy passed some key milestones in 2012. These include the adoption of a Zero Discharge commitment across the supply chain, the focus on optimal water management and the capacity building of suppliers to adopt more sustainable industrial processes. Pablo Isla also affirmed that 100% of the Group's stores will be eco-efficient by 2020, reducing water consumption by 50% and electricity by 30%. 

In conclusion, Pablo Isla referred to the Inditex model as a framework of values, committed to the creation of value beyond pure financial gain as a guideline to ensure sustainability over the long term. 

The Annual General Meeting has approved the accounts for the 2012 financial year, distribution of the income and distribution of dividends. Balance Sheet Revaluation has been approved in accordance with the provisions of Act 16/2012, of 27 December.

Inditex


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search