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Telefonica offers redundancy to 3,000-plus staff, union says

Telefonica offers redundancy to 3,000-plus staff, union says

Telefonica will offer voluntary redundancy to staff born in 1967 or earlier and with at least 15 years of employment at the company, the UGT union said on Tuesday, calculating that 3,261 employees would meet those conditions. Europe's third-largest telecoms group and direct employer of 16,000 people in Spain would limit take-up of the offer to 60% of eligible staff, UGT said, adding that consultancy group KPMG has helped to formulate the plan.

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