Company leadership and trade unions (UGT and CCOO) at Telefónica agreed to renew the collective agreement that applies to the Spanish telecommunications group’s three main branches in its home market, covering its different areas of activity: Telefónica España, Telefónica Móviles España and Telefónica Soluciones de Informatica y de Comunicaciones. Signed on 27 September, the renewed agreement will last for three years and applies to some 21,000 employees in Spain. The text sets out conditions for the voluntary departure of a maximum of 4,500 people and launches an extensive training programme for 6,000 employees, in order to address the challenge of digital transformation.
Voluntary redundancy plan. The agreement enacts the commencement of a voluntary redundancy plan (individual suspension plan or PSI). The departure plan, open from 27 September, is open to all employees aged 53 and over, who have at least 15 years of seniority. Applicants already aged 53 have until 31 October to take up the option, while others will gradually become eligible until 2021.
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