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Telefonica’s 6,500 jobs cuts not to come from Latam workers

Europe’s second-largest phone company Telefónica (TEF) reached an agreement with Spanish labor unions to cut up to 6,500 jobs over the next three years. In its statement, the telecom company explain that the measure aims to ensure the viability and competitiveness in coming years. The operator announced earlier this year it needed to cut jobs to lower costs. Latin America units nor any other country outside of Spain will be affected by the layoffs, Telefônica Brazil reported.

The layoffs are expected to affect nearly 20% of the company’s 35,000 Spanish employees. Telefónica said that it will assume all costs associated with the layoffs, which include 45 days of pay for every year of working plus voluntary separation grants.
Telefónica has also committed to creating up to 680 new jobs in the coming years.

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ABOUT AUTHOR

Roberta Prescott
Roberta Prescott
Editor, [email protected] Roberta Prescott is responsible for Latin America reporting news and analysis, interviewing key stakeholders. Roberta has worked as an IT and telecommunication journalist since March 2005, when she started as a reporter with InformationWeek Brasil magazine and its website IT Web. In July 2006, Prescott was promoted to be the editor-in-chief, and, beyond the magazine and website, was in charge for all ICT products, such as IT events and CIO awards. In mid-2010, she was promoted to the position of executive editor, with responsibility for all the editorial products and content of IT Mídia. Prescott has worked as a journalist since 1998 and has three journalism prizes. In 2009, she won, along with InformationWeek Brasil team, the press prize 11th Prêmio Imprensa Embratel. In 2008, she won the 7th Unisys Journalism Prize and in 2006 was the editor-in-chief when InformationWeek Brasil won the 20th media award Prêmio Veículos de Comunicação. She graduated in Journalism by the Pontifícia Universidade Católica de Campinas, has done specialization in journalism at the Universidad de Navarra (Spain, 2003) and Master in Journalism at IICS – Universidad de Navarra (Brazil, 2010) and MBA – Executive Education at the Getulio Vargas Foundation.