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Inditex donates $3mn for Spanish job creation activity
24
Oct '14
Spanish apparel marketer and owner of fast fashion brand – Zara, Inditex said it has renewed its three-year collaborative agreement with Caritas, to continue the job creation programme, which began first in 2011 for people who are seeking jobs.

The agreements were signed by Pablo Isla, CEO of Inditex, and Rafael del Río, President of Caritas, at Inditex's headquarters in Arteixo. In addition, both signed humanitarian aid agreements for Cambodia and Bangladesh.

To fund the new job programme between 2014 and 2016, Inditex has approved a new €3 million contribution which will enable Caritas to carry out training programmes for job-seekers and lend support for self-employment initiatives.

The last collaborative arrangement between Inditex and Caritas between 2011 and 2013, to which Inditex similarly donated €3 million, gave more than 2,000 people the chance to participate, 700 of whom have since found work.

This agreement forms part of Inditex's commitment to job creation in Spain, having generated 1,200 jobs in the country in the last 12 months, putting its current Spanish headcount at over 40,000. Factoring its 6,600 plus suppliers in Spain, Inditex supports over 82,000 full time equivalent jobs.

Apart from renewing the Spanish agreement, Inditex and Caritas have signed two humanitarian and healthcare aid agreements for rural populations in Bangladesh and Cambodia with total funding of €800,000.

The programme in Bangladesh, funded with €500,000, will run for 17 months and is targeted at improving the living and sanitary conditions of the ‘Adivasi' rural population, one of the country's poorest and most vulnerable indigenous communities.

The one-year Cambodia initiative is focused on the provision of development aid for community healthcare for extremely impoverished families in Siem Reap, Battambang, Preah Vihear and Kampong Thom and has been funded with €300,000.

The collaborative relationship between Inditex and Caritas dates back over a decade. It was originally formulated with the overriding goal of assisting the least privileged communities in emerging markets and victims of emergency situations. (AR)

Fibre2fashion News Desk - India

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