Telefónica firms up plan for 5,500 Spanish job cuts
Group says it has secured a financially and strategically important deal with unions on large-scale redundancies in Spain, after initiating negotiations in November. Agreement looks set to shift Telefónica about a quarter of the way to headline spend reduction goal outlined under new Transform & Grow strategic plan.
This article includes:
- Organisations: Telefónica; Telefónica España; Movistar Plus+; Telefónica Audiovisual Digital; Telefónica Global Solutions; Telefónica Innovación Digital (Telefónica I+D); Telefónica Tech; Telefónica Infra; Telefónica España; Comisiones Obreras (CCOO); Unión General de Trabajadores (UGT); Sumados‑Fetico.
- Geographic: Spain.
- People: Marc Murtra.
- Themes: Transform & Grow; totex; ERE (Expediente de Regulación de Empleo); redundancy programme; skills development; mobility; professional growth; diversity and inclusion; digital ways of working; re-skilling; recruitment; B2B; automation; operating expenditure; cost reduction; decentralisation; go-to-market.
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