Telefónica proposed a 5% reduction in the impact of the Employment Regulation File (ERE) for three subsidiaries outside the relevant enterprise agreement (CEV). The group’s proposal to unions would put the layoffs at 133 at Telefónica Global Solutions, 221 at Telefónica Innovación Digital and 359 at parent company Telefónica SA, representing 38 people fewer than in the initial impact. This reduction joins what was proposed two days ago for Movistar+ of 52 departures, 17.5%, up to a total of 245 departures (compared to the initial 297).
The company headed by Marc Murtra continues negotiations to adjust the workforce initially set at 6,088 people for the seven Spanish subsidiaries, a figure that has been reduced in recent days to 5,998 after negotiations on Thursday. However, the company keeps layoffs unchanged in the three main subsidiaries subject to CEV (Telefónica de España, Móviles, Soluciones).
Moreover, in the last view, it equates the economic circumstances of exit due to early retirement of the three secondary subsidiaries with those of CEV. Thus, the new proposal targeting employees of Telefónica Global Solutions, Telefónica SA, and Telefónica Innovación Digital allows workers born in 1969 and 1970 with at least fifteen years of service to opt for separation. Economic conditions consist of 68% of your regulatory salary until age 63 and 35% until age 65.
The UGT union indicated that it expects the company to further improve this proposal. The reason is that the salary structure in these communities specifically includes a larger percentage of bonuses which reduces the attractiveness of the percentages on offer.
In addition to salaries, the General Union of Labor renewed its demand that dismissal be completely voluntary, rejecting any application of forced dismissal.
On the other hand, Telefónica’s management announced a compensation plan for those who leave with ERE and cannot benefit from early retirement. The company proposes 46 days per year through February 12, 2012 and 34 days per year from that date, with a maximum of 30 monthly payments. This form will be the only one applicable to management employees.
The union also requested that these compensations be improved. “UGT does not accept that management proposes models similar to those used by companies that have carried out mass layoffs in situations of serious economic crises or under the control of speculative investment funds. Telefónica is not in this situation, which is why we urge the company to increase the amounts proposed,” the union organization stated.
Regarding the impact of the employment law, the trade union organization emphasizes that it should be limited exclusively to voluntary early retirement. He confirms that “what the company reported today is very far from a potential agreement.” Likewise, the law requires that compensation include additional amounts that “genuinely encourage volunteer work.”