Overview
- Telefónica’s latest proposal sets at least 4,554 departures across seven subsidiaries, a 25% reduction from the initial 6,088.
- For the three companies under the unified agreement, the offer spans 3,765–5,040 exits, broken down as 2,925 at Telefónica de España, 720 at Telefónica Móviles and 120 at Telefónica Soluciones.
- Final offers total 599 exits at Telefónica S.A. (301), Telefónica Innovación Digital (186) and Telefónica Global Solutions (112), with Movistar+ proposed at 190 pending a concluding meeting.
- Enhanced terms include rent schemes up to 68% of the regulatory salary until 63 and 38% to 65 for 1969–1971 cohorts, an option for linear rent between 61 and 65, higher voluntariness bonuses of €5,000–€18,000, the ability to pay indemnities in 1, 3 or 5 installments, continued private health coverage and funded special Social Security agreements.
- UGT, CCOO and Sumados-Fetico call the package insufficient and seek a fully voluntary process, while Telefónica aims to close the deal before year-end to record the charge in 2025 and commits to 10% job creation.