Overview
- The company proposed a 5% cut to planned exits in three units—Telefónica S.A., Global Solutions and Innovación Digital—reducing the tally from 751 to 713, which unions called insufficient.
- UGT, CCOO and Sumados-Fetico insist on fully voluntary departures and oppose forced layoffs, arguing the younger profile in these units cannot meet targets through early retirements.
- Management maintains a 15-year seniority requirement to join the plan, a threshold unions want scrapped because they say it hinders voluntary take-up.
- For the three non-CEV units, Telefónica offered indemnities set at 68% of regulatory salary to age 63 and 38% thereafter, while unions say compensation still falls short.
- Separately, the company agreed to extend the collective agreement for Telefónica España, Telefónica Móviles and Telefónica Soluciones through 2030 with workforce stability pledges, even as an ERE covering roughly 6,000 roles across seven subsidiaries remains under negotiation.