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-Ono merger to cost 1,200 jobs

Source: Telecompaper - Wed 29th Apr 2015
Vodafone Spain-Ono merger to cost 1,200 jobs

Vodafone Spain is preparing a collective dismissal of 1,200 workers over the coming months as a result of its acquisition of Spanish cable provider Ono in July 2014, reports Spanish business daily Expansion.

Citing unnamed trade union sources, the report indicates that the process will begin in July and will be carried in two phases. The first phase involving voluntary redundancies will begin in July and the second phase, with possible compulsory redundancies, will be implemented towards the end of the year.

The combined workforce of the two companies currently stands at around 6,000, with Vodafone accounting for 3,500 employees and Ono the remaining 2,500, meaning that around 20% of staff will be cut.

Vodafone has yet to confirm or deny the report but its CEO Antonio Coimbra admitted last year that redundancies were inevitable. "In processes of this nature the redundancies are usually between 10% and 30%. But in this case, I hope that it'll be closer to 10% than 30%, because the businesses are complementary," said Coimbra.

Recommended Reading :

* Vodafone Spain revamps mobile tariffs

* Vodafone Spain doubles mobile data of Yu prepay tariffs

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs