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Vodafone Spain Cuts Redundancy Plans to 650 Jobs
Published on:
Vodafone Spain is looking to cut around 650 jobs according to the labour unions, although that is a reduction on previous reports of around 1,000 job losses. The company currently employs about 4,000 staff in Spain.
Last March, the company secured an agreement with the unions to suspend the employment of employees for two weeks as part of a cost cutting drive - but did so in exchange for an agreement not to outsource any jobs to 3rd-party companies during the remainder of 2012.
"The company made clear that the dismissal plan will go ahead with or without an agreement," unions said in a statement sent to Reuters after a meeting with Vodafone.
>However, although the company may have cut the direct redundancies, the company is looking at changing the working conditions for 120 other staff and outsource 130 other jobs.
The mobile network declined to comment until the talks have formally finished, which is not expected until the 14th Feb.
Vodafone wrote down the value of its Spanish network by US$9.4 billion last November in response to falling sales.
On the web: Reuters
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