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BUSINESS EXTRA
Six-year deal
DEFENCE and aerospace heavyweight Babcock secured a £400 million (€449.3m) contract to operate the UK Ministry of Defence’s military satellite communications system. The company has signed a sixyear deal to manage the Skynet 6 programme, which provides work for 400 in southwest England.
Grifols cuts
BARCELONAbased multinational, Grifols, announced plans to let go 2,300 employees as part of a costcutting plan aimed at saving an annual €400 million. Most of the workforce cuts will be in the US, but 100 of the 300 administrative job losses correspond to Spanish staff.
Long wait
SECONDHAND car sales fell last year with fewer used models reaching the market, according to figures from the UK’s Society of Motor Manufacturers and Traders (SMMT). A shortage of parts during the pandemic meant fewer new cars were produced, prompting people to keep their cars longer.
Mask gloom
FREEDOM from maskwearing on public transport earlier this month was welcomed by Spain’s population but greeted with less enthusiasm by manufacturers. Having spent €1 million on equipment, one factory owner said that she was now in a position where she saw no possibility of recouping her investment.
Cough up
SPAIN, together with Portugal, Canada and New Zealand was another of the countries affected by the new Netflix limit on password sharing. Customers are being asked to pay an extra fee if they want friends and family not living with them to be able to share their subscription.
