The former public telecom monopoly in Spain presented to the trade unions staffing cut projects for its two subsidiaries. In total, the group plans 700 job cuts: 500 for Telefonica (mobile phones) and 200 for Soluciones (phone services adapted to businesses). To achieve this without starting a conflict, it proposed to bring early retirement age down of four years, from 52 to 48. (Ref. 080797)
Telefonica justified the staffing cuts by
the evolution of the sector and the convergence of technologies which impose
the integration of different activities into a single undertaking.
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