Spain's Telefonica cut 2,700 jobs, the third European telco to do so, as the industry grappled with competing low-cost rivals and rolling out 5G. — REUTERS
Telefonica announced Tuesday an agreement with unions in Spain to cut around 2,700 jobs, part of a wave of job cuts in the telecom sector in the country this year.
The redundancy plan targets workers turning 55 or older in 2022 and with at least 15 years employment at the company, Telefonica said in a statement.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
