Telefónica proposes a workforce reduction plan for 5,040 employees across its three main businesses

MadridTelefónica has just shared the first figures of its planned workforce reduction plan (ERE) with the unions. Initially, the ERE would affect 5,040 workers across the company's three main businesses (Telefónica España, Telefónica Móviles, and Telefónica Soluciones), according to union sources this Monday at midday, following a meeting with the company chaired by Marc Murtra. However, workers from four other businesses (Global Solutions, Telefónica Innovación Digital, and Movistar+) would also be affected, although the impact would be less significant. Therefore, the final figure could approach 6,000 affected employees, union sources told ARA. Last week, Telefónica officially announced its intention to implement the ERE. telecom The company justifies the decision on the grounds of "organizational, technical, and production reasons," according to UGT, one of the largest unions within the company. Of the total number of affected workers, 3,649 are from Telefónica España (41.04% of its total workforce), 1,124 from Telefónica Móviles (31.34% of the total), and 267 from Telefónica Soluciones (23.89% of its 1,118 employees). One of the unions' red lines is that the workforce reduction plan be voluntary, based on early retirements, and "consistent" with the workforce reduction plan already agreed upon in 2024. The fear of further staff cuts has been looming over the company for some time, especially after its president, Marc Murtra, announced that it would be implemented. In fact, during the presentation of the strategic plan,The company's leadership did not rule out implementing this measure"We have incorporated all the savings opportunities we foresee as feasible, and when I say all, I mean all. [...] If this includes a decision that has to do with people, what we can say is that whatever we have to do, we will do it hand in hand with the workers' representatives," said Emilio Gayo, CEO of Telefónica, at a press conference.

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