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Telefonica to cut a third of its workforce in Spain by 2026

2023-12-04T12:28:39.616Z

Highlights: Telefonica to cut a third of its workforce in Spain by 2026. The job cuts will affect all of the company's activities in Spain. They will be phased in by 20 26, a source close to the negotiations said. The Spanish multinational telecoms company will carry out a far-reaching redundancy plan by cutting nearly 5,100 jobs over the next three years. The cuts will be announced at a meeting between management and unions, a union source told AFP. The jobs cuts are expected to take place over a three year period.


The Spanish multinational telecoms company will carry out a far-reaching redundancy plan by cutting nearly 5,100 jobs over the next three years.


Spanish telecoms giant Telefonica will cut nearly 5,100 jobs in Spain, or a third of its workforce in the country, as part of a vast social plan, sources said on Monday.

The job cuts, announced at a meeting between management and unions, will affect all of the company's activities in Spain, a union source told AFP. They will be phased in by 2026, a source close to the negotiations said.

Source: lefigaro

All news articles on 2023-12-04

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