Alorista, the Spanish multinational that operates several businesses in Spain, is reportedly in talks to hire as many as 5,500 new employees in anticipation of the upcoming Brexit referendum.
The company, which has operations in Spain’s Algarve, Almería and Granada, is seeking to increase its productivity and expand its operations in the wake of the EU’s exit from the bloc, according to a report by the Spanish newspaper El País.
The decision is likely to impact Aloristas operations in other regions of Spain, as well as in the United Kingdom.
According to a recent report from Spain’s Competitiveness Institute, Alorismo’s revenues have declined by nearly a third in the last three years.
The new hiring would likely include an increase in staffing levels and a focus on quality of service, the report added.
Alorista employs approximately 2,500 people in Spain and employs approximately 5,300 in the UK.
The company employs about 100 people in France and a further 40 in the Netherlands.
The Spanish company has struggled to stay afloat since the Brexit vote.
In December, the company filed for bankruptcy protection.
In March, it reported that its revenue fell by more than 50% from the previous year, citing an increase of 3,000 jobs.
The news comes less than a month after Aloristas chief executive Carlos Pérez de Olmos announced a €50 million ($52 million) restructuring plan, as part of a wider restructuring plan for the company.