Telefonica Engages Unions in Discussions Prior to Anticipated Job Reductions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
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Should l Buy ?
Source: Reuters
Union Meeting Scheduled: Telefonica will meet with union leaders on November 17 to discuss a new strategy that may include voluntary redundancies to achieve cost savings.
Job Cuts Expected: Reports suggest that the company may cut between 5,000 and 7,000 jobs as part of a five-year plan aimed at reducing costs by approximately 3 billion euros by 2030.
Employee Impact: Telefonica employs around 25,000 people in Spain, which represents about a quarter of its global workforce.
Previous Redundancy Plan: The last redundancy plan led to the voluntary departure of 3,420 employees, finalized in January 2024, with any future plans to be agreed upon with union representatives.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
