The collective layoff announced last week by Spain’s Telefónica will affect 5,040 people in the telecommunications group’s three largest companies, with the numbers for four other subsidiaries still unknown, union sources said today.
Telefónica began this Monday, the 24th, to meet with the unions that represent the workers and revealed that it expects the collective dismissal at Telefónica de España, Telefónica Móviles and Telefónica Soluciones to cover 5,040 people, according to the UGT union center.
The largest number of expected layoffs will be at Telefónica España (3,649 people, equivalent to 41% of the workforce), followed by 1,124 at Telefónica Móviles and 267 at Telefónica Soluciones.
Altogether, 37% of the current workforce of 13,597 workers hired under a collective bargaining agreement will potentially be covered.
The number of people potentially covered by collective dismissal in the other four companies in the group is currently unknown.
Meetings with unions regarding these other four companies are scheduled for Tuesday.
Last week, on November 17, Telefónica informed workers’ unions of its intention to initiate procedures for collective dismissals in seven companies in the group.
The “employment regulation processes” (ERE, in its Spanish acronym) will affect seven companies in the Telefónica group (Telefónica de España, Telefónica Móviles, Telefónica Soluciones, Telefónica SA, Telefónica Global Solutions, Telefónica Innovación Digital and Movistar+), Telefónica confirmed to the unions.
The unions learned of the intention to carry out collective redundancies in a notification from the company about Telefónica’s new strategic plan, which foresees a 25% reduction in operating costs in various structures, estimated at 2,010 million euros by 2030.