Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Vodafone Spain to axe at least 600 jobs

Source: Telecompaper - Thu 11th Dec 2014
Vodafone Spain to axe at least 600 jobs

Vodafone Spain has acknowledged that it will be cutting at least 600 jobs over the coming months as a result of its acquisition of Spanish cable provider Ono earlier this year

Speaking to reporters, Vodafone Spain's CEO Antonio Coimbra said the collective dismissal would affect at least 10% of the combined workforce of the two companies, which currently stands at around 6,000 employees (3,500 from Vodafone and 2,500 from Ono).

"In processes of this nature the redundancies are usually between 10 - 30%. But in this case, I hope that it'll be closer to 10% than 30%, because the businesses are complementary," said Coimbra.

A company spokesman later told El Pais that at this stage the restructuring plans were simply "a theoretical exercise" based on similar mergers and that "nothing has been decided yet."

Vodafone completed its acquisition of Ono on 23 July and recently confirmed that Ono had already contributed some 199 million to its service revenues and 86 million to EBITDA since that date thanks in part to the cross-selling of products.

The integration of Ono's fibre network covering 7.2 million homes has helped Vodafone increase its FTTH coverage to around 8 million households.

Recommended Reading :

* Vodafone Spain to remove permanence clause from ONO homes

* Vodafone Spain unveils new international prepay tariff

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.