Josep Mateu (RACC): "The Spanish economy is facing an unprecedented crisis. We need to transform our businesses to create more added value"
"In Spain, we've been caught in a crisis without having done our homework. Now what is needed is a profound global transformation, which means globalising, embracing technological change and attracting talent"
Barcelona, May 8, 2013
At a recent session of Matins ESADE sponsored by Ernst & Young in collaboration with La Vanguardia, Josep Mateu, General Manager of RACC, declared: "In Spain, we’ve been caught in a crisis without having done our homework. Now what is needed is a profound global transformation, which means globalising, embracing technological change and attracting talent. If we don’t do this, our chances of recovering are very low."
During his talk, Mr. Mateu analysed the current situation of Spain’s companies, including their strengths and weaknesses in the current crisis situation. He expressed concern about the high level of job destruction and called on business owners and politicians to get actively involved in the search for a collective solution. “We’ve gone from being an affluent society to a society in need," declared Mr. Mateu. "If we do nothing, Spain will collapse. If we do just a little, we will fall into decline."
Spanish industry is "lacking in size"
"Spain’s greatest opportunities lie outside of the Eurozone," according to Mr. Mateu. The key to recovery is to tap into foreign markets and attract customers from other countries. Spain’s industrial sector has increased its exports but, in Mr. Mateu’s estimation, is still “lacking in size".
There are too many micro-companies in Spain, Mr. Mateu argued, adding that 40,000 companies with one or more employees and 8,000 companies with no employees have disappeared in the past five years.
RACC expands its presence in the home-assistance sector
Despite the current economic climate, RACC is committed to offering its members reliability, trustworthiness and protection through high-quality services. The company’s policy is to form alliances with leading companies in various sectors. Recently, RACC has expanded considerably its presence in the home-assistance sector.
As part of its strategic plan for 2012-2015, RACC is adapting "progressively and rapidly" to a digital relations system. According to Mr. Mateu, following the bankruptcy of Orizonia, RACC has been in talks with all major companies in the tourism sector to negotiate possible associations.