EMCC European Monitoring Centre on Change

Vodafone

Company/Organisation:
Vodafone

Geographic Location

Country: Spain

Company

Sector: Information / communication
Telecommunications
61.2 - Wireless telecommunications activities
Number Employed: 4285
Group: Vodafone

Employment Effects

Announcement Date: 18-01-2013
Planned Job Reductions min: 620
Planned Job Reductions max: 620
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-01-2013
Direct Dismissals: 620

Additional Information

The multinational telecommunications company Vodafone announced plans to launch a Redundancy Procedure affecting 900 employees (21% of its entire workforce).

The company has offered severance pay equal to 30 to 32 days per year worked, up to a maximum of 12 months. The restructuring also includes other cost-cutting measures, including the reduction and/or elimination of certain employee benefits.

The unions have criticised the measure and have asked the company to look for other alternatives.

Updated, 15/02/2013: As announced the final plan includes 620 job cuts.