Renta 4 | TELEFÓNICA. Signing of the redundancy plan in Spain 1. As expected, Telefónica signed the agreement on the redundancy plan in Spain with the main trade unions yesterday and has signed collective agreements with the seven subsidiaries in Spain until the end of 2030. 2. Redundancy plans have been agreed for 5,500 employees. The conditions of participation will be established in each of the plans. 3. The current…

Alphavalue/Divacons | On Tuesday, the Spanish telecommunications company communicated its final proposal for the redundancy plan affecting Telefónica Global Solutions, Telefónica Innovación Digital and Telefónica S.A. to the UGT and CCOO trade unions. In this final offer, the operator has proposed reducing the impact of the collective redundancy by an additional 5%, bringing the total adjustment to 20% in these three subsidiaries. This measure represents a decrease in the number…

Alphavalue / Divacons | Trade unions have rejected Telefónica’s initial proposal for the redundancy plan it wants to implement in its subsidiaries Telefónica de España, Móviles and Soluciones. The proposal covers 5,040 redundancies out of the 6,088 proposed in the Spanish telecommunications company’s overall restructuring plan. The Sumados-Fetico trade union group has stated that ‘it will not be part of the agreement, as it does not meet the conditions for…

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…

Renta 4 | Telefónica (TEF) acquires exclusive rights to the Champions League and Europa League for four seasons. Telefónica has been awarded exclusive broadcasting rights for the Champions League, Europa League, Youth League and Conference League for the 2027/28, 2028/29, 2029/30 and 2030/31 seasons. This award is subject to the formalisation of a contract with UEFA, which is expected to be finalised shortly. The price amounts to €1.464 billion or…

Alphavalue/DIVACONS | As we highlighted on Friday, the newspaper Expansión reported that Telefónica (TEF) will submit no fewer than seven redundancy plans (EREs) as part of its cost-cutting plan. It should be noted that the company plans to meet with trade unions on Monday to discuss these issues. We will be monitoring any developments. Telefónica shares rose 0.46% on Friday. Telefónica: Buy, Target Price €5.30/share.

Alphavalue / Divacons | Telefónica unions expect management to propose a redundancy plan for the company. However, at the moment, this measure has not been officially announced; the only thing that has been confirmed is that next Monday the operator’s new strategic plan will be presented to them. Union sources informed EFE that the company’s management sent a very brief invitation to a meeting on Monday morning. The aim is…