Although there was already announced his plans Last week, Telefónica waited until today to put on the table an Employment Regulation File that could affect some 5,300 employees of the Telefónica de España workforce and its three subsidiaries (Telefónica España, Móviles y Soluciones), as well as the Movistar+ platform.
The announcement was no surprise since the ERE, of which more details are now known, is part of the strategic plan Transform & Grow 2030which seeks to reorganize the company and a reduction of 1,510 million in operating costs
A blow to the Telefónica workforce
Telefónica has presented its plan to the unions with the greatest representation in its workforce (UGT, CCOO and Sumados-Fetico) to carry out a collective dismissal justified by “organizational, technical and production causes”, which will affect a total of 5,319 jobs distributed among Telefónica de España, Telefónica Móviles, Telefónica Soluciones and Movistar+.
In the case of Telefónica de España, the proposed cut affects 3,649 people out of a total of 8,892 employees that currently make up its workforce. This means that 41.04% of the operator’s workers would be affected by the ERE.
In its subsidiary Telefónica Móviles, the adjustment would affect 1,124 workers out of a workforce of 3,587 employees (31.34% of employees), while in Telefónica Soluciones 267 people would be dispensed with out of a total of 1,118 employees (23.89%).
Similarly, the negotiation table has been established for the ERE of Movistar+, the operator’s pay television platform, which would dispense with 279 employees of the 860 workers that make up its workforce (32.45% of the total).
Despite several thousand employees already affected by this ERE, Telefónica has not yet completed the total estimate of layoffs since until tomorrow the impact that the employment regulation file will have on its three remaining divisions will not be known: Telefónica’s parent company, Telefónica Global Solutions, Telefónica Digital Innovation, etc. as I pointed out The Country.
Altogether, the ERE is expected to affect between 6,000 and 7,000 employees of the different subsidiaries.
Unions opt for voluntary departures
The company and the unions have set up specific negotiating tables for each affected company, with a period of approximately one month to close the agreements, which places the signing of the possible agreements around the end of the year or the beginning of the next.
The layoff figures that have been put on the table are an estimate and the final figure will be known after negotiation with union representatives. In the previous ERE presented by the company, the initial estimate It was about 5,124 layoffs, of which 3,421 were finally carried out after the negotiation.
The company’s intention is that the cost of the ERE can be recorded in the accounts for the year 2025 and that the conditions adjust to the new strategic plansomething that union organizations want to link to an extension of collective agreements and guarantees of job stability until 2030.
The unions with the greatest representation in Telefónica have demanded that any departure be articulated voluntarily and that the bulk of the adjustment be based on early retirements and voluntary departures, following the model of the previous ERE of the company.
According what was published by The Worldamong the conditions that union representatives are considering is staggering the impact of the different ERE on workers born between 1969 and 1971, who will turn 55 in 2026, thus consolidating their path towards early retirement. This measure continues the policy agreed upon in the previous negotiation, which set its final limit on employees born before 1968.
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