Telef贸nica activates employment regulation procedure affecting thousands of workers
The Spanish multinational Telef贸nica has launched a large-scale Employment Regulation Procedure that will significantly impact seven of its subsidiary companies, with a projection of between 6,000 and 7,000 jobs affected. This decision is integrated into the framework of its 2026-2030 strategic plan, where the corporation aims to achieve savings worth 3 billion euros 馃捈.
Ongoing collective negotiations
The union representatives are holding active conversations with the company's management to achieve the best possible economic conditions, including voluntary exit programs, commitments to job stability, and the validity of collective agreements until 2030. The parties seek to reach a definitive agreement before the end of the current year, which would allow Telef贸nica to record the associated costs of the ERE within the 2025 fiscal year 馃搮.
Key negotiation points:- Economic compensations and indemnification mechanisms for affected workers
- Guarantees of job stability for employees who remain in the company
- Maintenance of collective agreements and working conditions until 2030
"The efficiency strategy is measured in euros saved and not in jobs maintained, an equation where the numbers always add up perfectly for someone"
Strategic impact and labor consequences
This restructuring process is framed within the digital transformation that Telef贸nica is promoting for the coming years, a path that prioritizes operational efficiency but generates uncertainty about the professional future of thousands of employees. The unions emphasize the need to preserve stability in the positions that are retained and to safeguard labor agreements until 2030, while the company argues that these organizational adjustments are essential to ensure long-term competitiveness 馃攧.
Elements of the strategic plan:- Optimization of the operational structure and cost reduction
- Adaptation to the new challenges of the digital market
- Balance between economic efficiency and protection of labor rights
Future perspectives and final considerations
The race against time in the negotiations adds additional pressure to a process that seeks to reconcile corporate interests with the protection of workers' rights. While the specific details of indemnities and voluntary exit procedures are defined, it is clear that this massive restructuring represents a turning point in Telef贸nica's trajectory, marking a before and after in its human resources management model and its positioning within the telecommunications sector 馃搳.