Technology

Telefonica seeks up to 4,000 voluntary redundancies by mid-2022

Telefonica seeks up to 4,000 voluntary redundancies by mid-2022

Spanish mobile and broadband operator Telefonica plans to cut between 2,000 and 4,000 jobs through voluntary redundancy in the first half of 2022, a source with knowledge of the matter told Reuters on Thursday. The debt-laden company is likely to start negotiations with unions by the end of November, the source said, with redundancy criteria including age and seniority.

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