economy

diciembre 22, 2025

Telefónica recortará hasta 5.500 empleos y asumirá un coste de US$2.900 millones

Telefónica SA contabilizará un coste aproximado de US$2.900 millones para financiar la salida de alrededor 5.500 empleados en España, como parte de un...

Telefónica recortará hasta 5.500 empleos y asumirá un coste de US$2.900 millones

TL;DR

  • Telefónica SA will book a cost of approximately $2.9 billion to fund the departure of about 5,500 employees in Spain.
  • The plan is a result of a broad restructuring affecting several Spanish subsidiaries, aiming to enhance the company's medium-term financial standing.
  • An agreement for an Early Retirement Scheme (ERE) was signed between Telefónica's management and major unions.
  • The company estimates that around 5,500 employees will accept the voluntary redundancy plan, representing a 26.2% reduction of the total workforce in the affected seven subsidiaries.
  • The plan is projected to generate average annual savings of close to $700 million from 2028 onwards, with a positive impact on cash flow generation starting in 2026.
  • The voluntary application period for eligible employees will open on December 29th.

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