EMCC European Monitoring Centre on Change

Cellnex

Company/Organisation:
Cellnex

Geographic Location

Country: Spain

Company

Sector: Information / communication
Telecommunications
61.20 - Wireless telecommunications activities
Number Employed: 1956

Employment Effects

Announcement Date: 16-12-2021
Planned Job Reductions min: 240
Planned Job Reductions max: 252
Type of Restructuring: Internal restructuring

Additional Information

Cellnex, the Spanish wireless telecommunications infrastructure and services company, has reached an agreement on a collective redundancy plan with the worker's representatives of its subsidiaries Retevisión, Tradia and On Tower. The agreement will affect between 240 and 252 employees and will be voluntary redundancies. On the one hand, those affected workers who reach 57 years of age or older in the period 2022-2025 with at least seven years of seniority in the company will receive 75% of their net salary until the age of 65. The rest of those affected employees will receive a compensation equivalent to the salary of 45 or 33 days per year worked with the maximum legal ceiling.
Cellnex has accelerated in recent years its transition from the traditional business of signal distribution in the audiovisual segment to the field of mobile phone tower management. This has led to the recruitment of new professional profiles and the implementation of automation processes.

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