Telefonica has reached an agreement with labour unions to cut some 15 percent of its employees in Spain via voluntary redundancies in a plan estimated to cost it 1.5 billion euros ($1.7 billion) this year.
Telefonica reaches agreement to cut about 2,700 jobs in Spain
More like thisRelated
4 Best Systems for Secure Communication in High-Pressure Situations
Communication failures in high-pressure environments can be catastrophic. For...
Virgin Media O2 to Shut Down 2G Network by Summer 2029, Accelerating 4G and 5G Expansion
Virgin Media O2 has announced plans to switch off...
Telefonica Debuts in Australian Bond Market with AUD 700 mn Multi-Tranche Issue
Telefonica has completed its inaugural bond issuance in the...
European Telecom Industry 2026: 5G Standalone, AI and FMC Drive Growth Despite Revenue Challenges
Europe’s telecommunications sector is entering a new phase of...