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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

Female boss controversy
“Working mothers a liability”
A leading female entrepreneur in Spain has triggered a major controversy with her candid admission that she would be reluctant to hire women between the ages of 25 and 45 due to the likelihood that they will take time off to have a baby.

27.10.2014 - Mónica Oriol, the chairwoman of the influential Business Circle, has been the target for vitriolic criticism after her headline-making remarks, which she admits were politically incorrect, “But had to be said…  The amount of regulation put in place in recent times in Spain and in Europe now means that, as a company, you have a problem on your hands if a female employee becomes pregnant.  That’s why I prefer under 25s or over 45s,” said Oriol, who was addressing a major business conference in Madrid.  The outspoken business leader added fat to the fire by arguing that women who have babies while in employment have no incentive to work as hard.  “A firm that hires a woman in this age group knows that it can do nothing to get rid of her for up to eleven years” she insisted. 

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