Telefónica's ERE membership is close to 15% in three days, with some 500 employees signed up since Tuesday

MADRID, 12 Ene.

Telefónica's ERE membership is close to 15% in three days, with some 500 employees signed up since Tuesday


Around 500 employees of the Telefónica group have already voluntarily signed up for the employment regulation files (ERE) that the company will apply in its three main subsidiaries in Spain (Telefónica de España, Móviles and Soluciones) and that will affect 3,421 workers , according to estimates made by union sources to which Europa Press has had access.

The period of affiliation to the collective dismissal began last Tuesday, January 9, and will last until February 8, according to the calendar established by the company and the unions.

In this way, the voluntary secondment would be around 15% in just three working days, explain the sources, who consider that the figure of "more than 500 employees" signed up voluntarily to date is significant, taking into account that many workers They have just returned from vacation and are still evaluating the "singularities" of the ERE.

Furthermore, the sources consulted also point out that it is foreseeable that membership in the ERE will increase in the final stages of the process.

In this context, the stipulated deadlines reflect that the company's response will take place on February 14, while departures will begin mainly on February 29, although the ERE will be open until March 31, 2025.

In the event that voluntary membership in the ERE does not cover the 3,421 planned departures, the company may undertake forced dismissals, while it has also reserved membership limits in areas of activity considered critical.

Contacted by Europa Press, Telefónica has refused to comment on the evolution of membership in the ERE.

As reported by Telefónica to the National Securities Market Commission (CNMV) on January 3, the cost of this collective dismissal is estimated at around 1.3 billion euros (before taxes) and will have no impact on cash.

In this way, the average cost per worker will be around 380,000 euros, a figure lower than the exit plans undertaken by the company in recent years.

Along these lines, Telefónica estimates that the average annual savings of direct expenses will be around 285 million euros from 2025, although the impact on cash generation will be positive from 2024, "as will the capture of savings." , since the departure of employees is estimated to take place as early as the first quarter of 2024.

Specifically, Telefónica has proposed 2,958 departures for Telefónica de España, almost 28% less than the 4,085 that were proposed at the beginning of the negotiations; 397 in Telefónica Móviles, almost 59% less than the initial 958, and 66 in Telefónica Soluciones, almost 19% less than the initial 81.

Therefore, the company has reduced the impact of the collective dismissal by 33% in relation to the 5,124 departures that it proposed to the unions at the beginning of the negotiations.

Telefónica will give employees born in 1968 who leave the ERE an income of 68% of the regulatory salary until age 63 and 38% until age 65, while for those from 1967, 1966, 1965 or 1964, 62% of the regulatory salary until age 63 and 34% until age 65, to which is added a voluntary bonus of 10,000 euros.

Meanwhile, for workers born in 1963 or previous years, it offers an income of 52% of the regulatory salary until age 63 and 34% until age 65, to which it has also added a voluntary bonus of 10,000 euros.

Likewise, the conditions of the ERE include the reversibility of income, which implies that in the event of death the legal heirs will receive the pending compensation.

Also included is the payment of the employee's Social Security discount during unemployment, group insurance up to age 63, and 100% basic health policy up to age 63 (or as long as the Special Social Security Agreement is paid).

In addition, it includes the departure of the 100 employees who were not able to do so in the previous exit plan, among other issues.