Tuesday, July 28, 2015

Vodafone will cut up to 21% of its workforce in Spain – The Economist

The British firm Vodafone announced Tuesday that started a collective dismissal procedure that could affect up to 1,300 workers in its workforce in Spain after acquiring the cable operator Ono.

The British firm Vodafone announced Tuesday that started a collective dismissal procedure that could affect up to 1,300 workers in its workforce in Spain after acquiring the cable operator Ono.

achieved this total figure, the process would involve the dismissal of more than 21% of its 6,000 workers of the telecommunications company in the country.

In a note, Vodafone reported that the procedure is part of the integration the cable group, acquired over a year ago by about 7,200 million euros.

As of September 1 will begin a period of consultation with employee representatives.

“The reasons (…) are included, along with redundancies generated by the integration of the two organizations, the fall in revenues and EBITDA of both companies in recent years, accompanied by heavy investment in new generation networks “Vodafone said.

ERP

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