Telefónica increases the impact of the ERE to 5,459 employees while waiting to meet with two more subsidiaries

Telefónica begins the second round of negotiations of the employment regulation file (ERE) with a proposal of 140 departures for its subsidiary Telefónica Global Solutionsaround 22% of the workforce of this company. With this proposal, the provisional affectation of the Employment Regulation File (ERE) reaches 5,469 jobsincluding the adjustments in Telefónica España, Telefónica Móviles, Telefónica Soluciones and Movistar+, waiting to transfer their dossier to the unions of the subsidiary Telefónica Innovación Digital and the parent company Telefónica SA, where the greatest impact of this Tuesday’s proposals is expected.

The company that has staged the fifth meeting of the seven planned in these two rounds of negotiations was launched in 2020 by the group then chaired by José María Álvarez-Pallete to boost its international business by channeling its wholesale, roaming and multinational business; It had a workforce of more than 600 workers at the end of the last financial year.

Tuesday’s day will pass with two more meetings between management and unions scheduled at 11 a.m. and 4 p.m. to find out the workforce reduction plans that the group wants to propose in the two remaining companies. As has been developed in previous negotiations, once the first adjustment has been proposed, a calendar will be finalized with a foreseeable period of one month.

In the case of the three companies adhered to the related company agreement (CEV)-Telefónica España, Móviles y Soluciones- the agenda points to next Wednesday as the second contact for the negotiation. It will be then that the unions put their proposals on the table after having studied the details of the dossier that the Oliver Wyman cabinet is preparing.

In a union key, workers have the representation of UGT, CCOO and Sumados-Fetico and the three organizations have already publicly expressed their positions on the first file raised. Among their demands is the proposal to extend the agreement until 2030 to extend the labor improvements agreed upon in previous negotiations, whose economic conditions are also seen favorably in this process.

As a reference, the previous ERE concluded with the departure of 3,420 workers and entailed a cost close to 1,300 million euros before taxes, with an average compensation of about 380,000 euros per employee. On a financial level, the new process is integrated into the efficiency plan that Telefónica presented at the beginning of the month. This plan foresees spending cuts of around 3,000 million euros by 2030 (2,300 million by 2028), including costs linked to the workforce.