Overview
- The company cut the planned departures from 6,088 to 5,961 after a further 5% reduction in three central subsidiaries under negotiation.
- Targets in those units fall to 340 in Telefónica S.A., 126 in Telefónica Global Solutions, and 210 in Telefónica Innovación Digital.
- Severance for employees not eligible for early retirement rises to 47 days per year worked, capped at 36 monthly payments.
- Telefónica proposes voluntary exit premiums tied to tenure ranging from €2,500 for under eight years to €9,000 for more than 24 years.
- Early-retirement terms use cohort formulas, now including workers born in 1971, with up to 68% of regulatory salary to age 63 and 38% thereafter, as talks continue on broader guarantees including a CEV extension to 2030 for major filiales.