Telefónicawatch

Telefónica presents redundancy plan to Spanish unions

2021-12-01T13:12:00

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Source: Fred Romero / Flickr CC BY 2.0 - Madrid - Edificio Telefónica

Union negotiations begin over new phase of headcount reduction. Reports suggest more than 3,000 staff will be offered voluntary redundancy, although eventual job cut total expected to be lower. Move comes amid ongoing competition and inflation concerns.

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