Telefónica reduces the total impact of the ERE to 4,834 people after the final offer to the unions for three of its subsidiaries

Telefónica has once again reduced the impact of the Employment Regulation File (ERE) that it poses for seven of its subsidiaries and proposes leaving the adjustment at 4,834 workers, compared to more than 6,000 that he had contemplated originally. The Ibex 35 company has reduced this Tuesday another 5%, until discounting 20%, the minimum departures contemplated for Telefónica SA (the parent company), the subsidiary of Global Solutions and the Digital Innovation subsidiary, in an offer that, as it emphasizes, is the definitive one. The unions are preparing to evaluate the offer and assure that “they will act responsibly.”

The new proposal leaves the exits in 112 for Telefónica Global Solutions, 186 for the Innovation subsidiary and 301 for Telefónica SA. These are added to the 4,000 contemplated in the three main legal subsidiaries (the 3,100 of Telefónica España, the 750 of Telefónica Móviles and the 150 of Telefónica Soluciones) and the 235 of Movistar.

The definitive approach of the telecom company contemplates an improvement for early retirements and that the regulatory bases integrate fixed salaries and the total variable salaries for the active months in which they continue working. Likewise, the company eliminates the ‘performance’ criterion from the requirements for joining the ERE and increases the percentage of the regulatory base by 1% annually, for the second tranche of income.

The company led by Marc Murtra It will also allow early retirement people to leave critical areas. and an additional 10% in the rest of the areas, with 35% overall with respect to outputs in Telefónica Innovación Digital. The group proposes a minimum seniority of thirteen years in the group, while establishing voluntary bonuses based on seniority of up to 18,000 euros and maintaining private health insurance.

This meeting follows the proposal that the company’s management conveyed to the union representatives of the three main subsidiaries, with an additional reduction in the number of minimum departures proposed up to 4,000 workers. These companies, however, continue to concentrate the bulk of the adjustment with 3,100 cancellations in Telefónica of Spain750 in Telefónica Móviles and 150 in Telefónica Solutions. In the case of these firms registered in the Related Companies Agreement (CEV), the positions between both parties are further apart due to the unions’ refusal to accept the proposed impact. “It is still essential to lower this figure even further to guarantee that the process is 100% voluntary,” say UGT sources.

Waiting for a foreseeable reduction in the final dossier that will be put on the table tomorrow by the CEV and Movistar+ subsidiaries, Telefónica directs negotiations with the three companies that make up 10% of its workforce in Spain. It should be noted that, unlike previous adjustments, the ERE will also be applied to the head office’s own workforce, where 1,100 corporate core employees are grouped together. The other two subsidiaries are part of companies that were established during the previous management stage led by José María Álvarez-Pallete. The first, Global Solutions, was launched in 2020 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. The second, Digital Innovation, was born in 2023 by the group’s former Chief Digital Officer (CDO), Chema Alonso, to simplify its structure with the merger of two internal services technology companies, Telefónica I+D and Telefónica Digital; According to the latest balance sheet, the workforce is around 1,000 people