Telefónica reduces the ERE by 5% in the parent company and two subsidiaries but is still far from the agreement with the unions

Telefónica completes its first proposal for the employment regulation file (ERE) after addressing the positions of the unions with the initial adjustment dossier for seven subsidiaries. This Thursday, management and unions have resumed negotiations to discuss the plan in three of the seven affected subsidiaries – Telefónica Global Solutions, Telefónica Innovación Digital and Telefónica SA, the parent company. The proposal, according to union sources, is due to a 5% reduction of the 751 departures initially planned.

In more detail, the impact proposed by the group’s management for Telefónica Global Solutions would be 133 (compared to the initial 140), while in Telefónica Innovación Digital the figure would drop to 221 departures (the initial proposal was 233) and in Telefónica SA it would drop to 359 (378 at the beginning of the negotiations). This reduction is added to the one projected two days ago for Movistar + of 52 departures, 17.5%, to a total of 245 departures (compared to the initial 297).

For the unions, the proposal is still far from meeting their demands to sign an agreement. The UGT describes the progress as “insufficient” and demands that the negotiation be accelerated: “We have confirmed that, despite some movements on the part of the company, progress is still clearly insufficient. We have reiterated that it is urgent for Telefónica to accelerate the process and present substantial improvements that recognize the value, commitment and contribution of the workforce,” they state after warning that they expect the company to define “a solid model that guarantees stability and perspective for the entire workforce.”

Within the framework of the negotiation of the ERE in these three subsidiaries, the management of Telefónica has raised update the compensation brackets to an income of 68% of the regulatory salary up to age 63 and 38% thereafter. In addition, it has complemented its proposal with the intention of maintaining the criterion of having at least 15 years of seniority in the company to benefit from the ERE, although the unions have requested to eliminate it given that, in their opinion, it “makes voluntary membership difficult.”

It is worth remembering that this Monday negotiations began in the three companies attached to the agreement of companies linked to the agreement of linked companies (Telefónica de España, Móviles y Soluciones) and that the unions present in them (UGT, CCOO and Sumados-Fetico) rejected the company’s first proposal while waiting to approach positions with “forced dismissals”. Specifically, Telefónica offers employees born from 1969 to 1971 an income of 68% regulatory salary until age 63 and 38% until age 65. To the previous generation, those born between 1965 and 196862% up to the age of 63 and 34% between 63 and 65. And, finally, those born in 1964 and earlier yearsoffers an income of 52% up to age 63, which drops to 34% between 63 and 65.