Murtra prepares an era between 4,000 and 5,000 employees in Telefónica | Economy
The president of Telefónica, Marc Murtra, is analyzing a staff adjustment between 4,000 and 5,000 people in Spain to reduce the costs of the group structure and improve their efficiency. The adjustment would be carried out through a work regulation file (era) in the unions line agreed in 2024 And that was the departure of 3,421 workers, under the mandate of his predecessor in office, José María Álvarez -Pallete.
The difference with the previous plans is that the one who designs Murtra has been agreed with the government, the first shareholder of Telefónica since last year the state company of industrial participations (sepi) has taken 10% of the company with an investment of 2,284 million euros, according to Publishs The confidentialitywho advanced the news. The company refused to comment on the information.
The era would grew within the “strategic revision” that Murtra promised that he would present in the second half of the year With the aim of saving costs and reaching a more agile management of the company. The chosen formula would be the same as the last adjustment of 2024, i.e. an era, instead of the individual separation plans so clarified (PSI) that the company has used to lose weight to the workforce in about 20,000 troops since 2008. These PSI have the advantage that the worker is still connected to the company with the same social benefits and can even return in the event of Rethink for Relking for Relking. The disadvantage in the face of the eric is the worst tax treatment of compensation, therefore the unions requested in the last adjustment to return to the formula of the regulation file.
The UGT, CC OO and the additions of Telefónica added signed an agreement on the ART for 3,421 workers, 21% of the staff of 16,000 employees of the three companies affected in Spain (Telefónica España, Mobiles and Solutions). The cost was estimated at 1.3 billion euros (before taxes) and the company calculated the average annual savings of the expenses of 285 million euros from 2025.
As for the economic conditionsThose born in 1968 received 68% of the regulatory salary up to 63 years and from 38% to 65; The born in 1967, 1966, 1965 or 1964, will go with 62% of the salary up to 63 years and 34% to 65 and a premium for voluntarity for 10,000 euros for this section; and those born in 1963 or previously received 52% of the salary up to 63 years and from 34% to 65, with the same voluntary premium. In the Accessories Chapter, the era included the reversibility of income (in case of death, the legal heirs will receive pending income), the payment of the discount on the employee’s social security during unemployment and collective insurance up to 63 years (and up to 65 years for survival).
Previously, Telefónica applied a PSI in 2021 to which 2,418 workers were accepted, with a cost of approximately 1.4 billion euros. Subsequently, another random plan in 2019 requested that around 2,600 employees were separated by the operator, with a cost of 1.7 billion euros. The previous low plan dates back to 2015, which was the departure of 6,300 workers at a cost of almost 3.7 billion euros. However, the largest adjustment was carried out by César Alierta as president between 2011 and 2012, with the departure of 6,800 workers and a cost for the company of 2,700 million euros.
Reduction of the remuneration of the Council
In addition to this reduction in the model, Murtra wants to raise the application made by the large funds in the last meeting of shareholders on the excessive remuneration of the Board of Directors. The president of the operator, as already suggested in the movement of the Council’s response, would be prepared a reduction of these emoluments, including its president as as president. Precisely, The point of the agenda that aroused less support was the annual Remuneration report of the Council, which was approved with 72.3% of the votes in favor, the refusal of 11.6% of shareholders and the abstention of 15.9%.
On May 14, Murtra will present the first results since he is president corresponding to the first quarter of 2025, in which the company should present strong losses due to the provisions for The sale of Argentine subsidiary, which will have a negative impact on the operator’s accounts of 1,107 million euros.
