29 Dec, 2021

Telefonica reached an agreement with trade union for layoffs

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The Spanish telecommunication company said Tuesday that the plan entails the voluntary departure of about 2,700 employees, at a cost of around 1.50 billion euros ($1.70 billion) before taxes to be accounted for in the fourth quarter.

Telefonica, Trade Unions Agree on Deal For Thousands of Voluntary Layoffs – MarketWatch
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