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.

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