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General

Indra to cut Spanish workforce by up to 1,500 - report

Monday 29 June 2015 | 15:29 CET | News
Spanish tech group Indra is finalising plans to cut its domestic workforce by up to 7 percent, representing around 1,500 jobs, according to unnamed trade union sources cited by Reuters. The company is due to present a new cost-cutting plan next month, with new chairman Fernando Abril-Martorell recently informing shareholders that Indra had to be more selective in the projects it chose after posting a EUR 92 million loss in 2014. Martorell, a former Telefonica executive, said the new strategy would be announced on 08 July. At the end of March, Indra's global workforce stood at 39,155, with

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Categories: General
Companies: Indra / Telefonica
Countries: Spain
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