[Spain] Telefonica officially declares layoffs to labour unions

On November 27, Telefonica - one of the largest telephone operators and mobile network providers in the world - told labour union representatives that it intends to cut jobs in Spain, Reuters reports.

The UGT union shared the news in a statement on its website and said the telecoms company has yet to indicate how many jobs it intends to cut.

According to reporting from the Spanish newspaper Expansion, Telefonica wants to reduce its 21,000-strong workforce by 2,500. 

Newspaper Cinco Dias reportedly said the company may cut as many as 3,000 jobs.

"Next week the negotiating tables on these redundancies will be set up and the official number of workers affected will be communicated," a UGT spokesperson told Reuters.

A spokesperson for Telefonica confirmed the company had told the unions of planned layoffs.

The cuts are part of the multinational telecommunications company’s three-year strategic plan to boost profitability by reducing capital expenditure, raising revenue and cutting costs.

Source: Reuters

(Quote via original reporting)

On November 27, Telefonica - one of the largest telephone operators and mobile network providers in the world - told labour union representatives that it intends to cut jobs in Spain, Reuters reports.

The UGT union shared the news in a statement on its website and said the telecoms company has yet to indicate how many jobs it intends to cut.

According to reporting from the Spanish newspaper Expansion, Telefonica wants to reduce its 21,000-strong workforce by 2,500. 

Newspaper Cinco Dias reportedly said the company may cut as many as 3,000 jobs.

"Next week the negotiating tables on these redundancies will be set up and the official number of workers affected will be communicated," a UGT spokesperson told Reuters.

A spokesperson for Telefonica confirmed the company had told the unions of planned layoffs.

The cuts are part of the multinational telecommunications company’s three-year strategic plan to boost profitability by reducing capital expenditure, raising revenue and cutting costs.

Source: Reuters

(Quote via original reporting)