UPDATE 1-Spain government says labour talks in final stages

* Talks drag on as unions, business search for deal

* Three-way consensus preferable, says Corbacho

* Tripartite talks to end by mid-next week at latest

MADRID, June 1 (BestGrowthStock) – Talks between the Spanish
government, unions and businesses aimed at reaching agreement on
wide-ranging labour reforms are in the final stages, Labour
Minister Celestino Corbacho said on Tuesday.

Spanish unemployment has more than doubled since the
beginning of the economic crisis as struggling construction and
service industries haemorrhaged jobs and economists say reform
is vital to avoid job market stagnation.

“We’re in the last stages of the process and in the next few
days we’ll see a result … We hope it will be a favourable
result, but whatever happens, there will be a reform before the
end of this month,” he said in a television interview.

The ruling Socialists believe a joint agreement on the
reform would be preferable and more sustainable than a
unilateral government decree.

“The government has always understood a pact on the reform
is better than an imposed reform,” Corbacho said.

The three-way talks originally were working toward a May 31
deadline before the government enforced its own proposals but a
deal is proving elusive as the unions and companies struggle to
find common ground.

The talks should be concluded, with or without agreement
among the three parties, by the middle of next week at the
latest, Corbacho said.

Stock Research
(Reporting by Paul Day, Editing by Sonya Hepinstall)

UPDATE 1-Spain government says labour talks in final stages