Telefónica to provision compensation -potentially €2 billion- for redundancy plan in Q4 2025
Bankinter | Telefónica has proposed a redundancy plan for 5,319 employees of Telefónica España (3,649 people; 41% of the total), Telefónica Móviles (1,124; 31%), Telefónica Soluciones (267; 24%) and Movistar+ (279; 32%). It could still announce further redundancies in the three remaining companies in Spain (Telefónica Global Solutions, Telefónica Innovación Digital and Telefónica S.A.), which could bring the total to 6,000 employees. The actual departures will take place from 2026…









