Telefonica cuts collective dismissal proposal to a maximum of 4,554 jobs
Telefonica has substantially reduced the maximum number of employees included in its latest collective dismissal process (ERE) in Spain to 4,554, around 25 percent or 1,534 fewer than the 6,088 initially planned, reports Europa Press. After at least seven rounds of talks with trade union representatives, the company has agreed that there will be no forced lay-offs if the number of voluntary redundancies reaches 3,765.