Telefónica began meetings today with the unions representing its employees, announcing plans for a collective redundancy affecting 5,040 workers in Telefónica de España, Telefónica Móviles, and Telefónica Soluciones, according to the UGT union.
The largest number of projected layoffs will occur at Telefónica España, affecting 3,649 employees, equivalent to 41% of its workforce, followed by 1,124 at Telefónica Móviles and 267 at Telefónica Soluciones.
Overall, 37% of the current workforce of 13,597 employees, hired under a collective bargaining agreement, could potentially be impacted.
The exact number of employees that might be affected by the collective redundancy at the other four companies within the group remains unknown.
Meetings with unions regarding these four additional companies are scheduled for Tuesday.
Last week, on November 17, Telefónica informed the workers’ unions of its intention to initiate procedures for collective redundancies across seven group companies.
The employment regulation processes (ERE) will affect seven companies within the Telefónica group: Telefónica de España, Telefónica Móviles, Telefónica Soluciones, Telefónica S.A, Telefónica Global Solutions, Telefónica Innovación Digital, and Movistar+, as confirmed by Telefónica to the unions.
Unions were informed of the intent to conduct collective redundancies in a company notification about Telefónica’s new strategic plan, which aims at a 25% reduction in operational costs across various structures, estimated at 2.010 billion euros by 2030.
