MADRID, Oct 6 (Reuters) - Spanish telecoms group
Telefonica plans to lay off at least 6,000 employees
across several units before the end of the year, newspaper
Expansion reported on Monday, citing people familiar with the
plans.
The total number of workers initially affected by the
redundancy plan could rise to 7,000 out of a global workforce of
around 100,000, the report added, although negotiations with
unions tend to reduce such targets.
A spokesperson for Telefonica told Reuters that "multiple
analyses are being carried out in all areas of the company, but
there are no plans for a redundancy programme at this time".
The company is set to present its new strategic plan
spearheaded by recently-appointed Executive Chair Marc Murtra on
November 4.
According to the Expansion report, Telefonica seeks to
officially inform unions of the potential layoffs shortly after
the strategic plan's presentation, which could allow the company
to reach a deal before December 31 and thus allocate the
resulting provisions to the 2025 financial year.
The redundancy plan is expected to be similar to one
implemented in 2024, which was "preferably voluntary" for
employees aged 55 and over, Expansion added in its report.
According to the report, the bulk of affected employees - up
to 5,000 - will likely belong to the Spanish business, as well
as subsidiaries Telefonica Moviles - the company's mobile and
broadband unit in Spain - and Telefonica Soluciones, which
offers outsourced IT services.
However, employees at the corporate centre - which until now
had been spared from previous redundancy plans - may also be
affected.
(Reporting by David Latona; Editing by Emelia Sithole-Matarise)