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Telefonica to Meet Union Leaders Amid Expected Job Cuts
ByAinvest
Wednesday, Nov 12, 2025 4:09 am ET1min read
Telefonica, a Spanish telecoms group, will meet union leaders to discuss its new strategy, which is expected to involve voluntary redundancies to meet savings targets. The five-year plan aims to cut 3 billion euros in costs by 2030 and affects 25,000 employees in Spain. Unions have been invited to a November 17 meeting, and job losses are projected to range from 5,000 to 7,000.
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