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Telefónica meets with unions on Monday after announcing seven redundancy plans as part of cost-cutting plan

Summary by The Corner
The Corner Alphavalue/DIVACONS | As we highlighted on Friday, the newspaper Expansión reported that Telefónica (TEF) will submit no fewer than seven redundancy plans (EREs) as part of its cost-cutting plan. It should be noted that the company plans to meet with trade unions on Monday to discuss these issues. We will be monitoring any developments. Telefónica shares rose 0.46% on Friday. Telefónica: Buy, Target Price €5.30/share.

15 Articles

Lean Right

The formal negotiation on the dismissals Telefónica will start next Monday, with the constitution of the first tables of the seven affected by the dismissals in the...

·Madrid, Spain
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Lean Left

The biggest impact will come in the central divisions of the company's business in Spain, where it currently has 25,085 employeesTelefónica seeks to grow its business with AI and cybersecurity and reduces by half its dividend for 2026 Telefónica has proposed on Monday its intention to execute seven Employment Regulation Records (ERE) to the unions in the different divisions of the group. The biggest impact, explain sources of CCOO to the Diario.…

·Spain
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Telefónica will begin the complex process of seven Employment Regulation Records (ERE), one for each legal society involved, which together, which implies the departure of up to 7,000 workers in Spain, as advanced by the Spanish media Expansion. Formally it starts with the notice to the unions in the three companies [...] The post Telefónica initiates dismissal process in Spain and will affect almost 7,000 workers first appeared on TransMedia.

The agreement between management and trade unions could be signed as soon as possible by the end of the year. 6,000 to 7,000 jobs could be involved.

Telefónica has made official to the unions its intention to undertake an ERE in seven companies of the group due to the attendance of "objective causes", as reported by UGT, Sumados-Fetico and CCOO in two communications. One of the companies concerned is Telefónica Innovación Digital. They complete the list Telefónica de España, Telefónica Móviles, Telefónica Soluciones, Telefónica S.A., Telefónica Global Solutions and Movistar+. However, the ER…

The company n revealed to it the number of workers potentially affected by the shipments and the details to be known at a meeting are provided for on Thursday 24 November.

·Porto, Portugal
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Eldiario.es broke the news in Spain on Monday, November 17, 2025.
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