Telefónica proposes an ERE for seven subsidiaries without yet revealing the number of affected

Telefónica activates the plan to undertake up to seven employment regulation files (ERE) in Spain in order to support the savings plan that supports the new strategic project recently presented by its president, Marc Murtra. The adjustment was presented this Monday to the unions in a meeting called this Monday to detail the implementation of the new Transform & Grow plan.

At this meeting, union sources report, the management of Telefónica de España, Telefónica Móviles, Telefónica Soluciones, Telefónica SA, Telefónica Global Solutions, Telefónica Innovación Digital and Movistar+ have conveyed to the unions their intention to launch an ERE in each of these companies, alleging the existence of “objective causes.” The company has not yet detailed the extent of the cut.although the workers’ representatives hope to know the figures on November 24, when the negotiating tables will be established.

“After receiving the formal communication that activates the one-week period to establish the negotiating commissions, we will comply with the legal mandate of the Workers’ Statute and we will negotiate in good faith, from dialogue and consensus, but with the firmness granted by its majority position in the group,” they emphasize from UGT after conveying to the different directorates their rejection of these new plans. “Our commitment will be to extend or negotiate the pertinent agreements with a time frame equal to that announced by the President of Telefónica, in the Strategic Plan, with a horizon of 2030” they add from CCOO.

The adjustment, which could imply the departure of several thousand workers, is part of the efficiency program designed by Telefónica to cut costs by around 3 billion euros until 2030including a reduction of 1,510 million in operating expenses. The company’s CEO, Emilio Gayo, explained a few days ago that the savings calculations have “incorporated all those savings that we believe are feasible.” Regarding the ERE, he assured that “if these savings include issues that have to do with people, what we can say is that we will always do it hand in hand with the workers’ representatives.”

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