• Council: A 1.6 billion plan
  • Labor.Reduction of staff with voluntary leave
  • Magnitudes: Maximum in cash but minimum in price
  • Sector. The telecos market in Spain, "unsustainable"

Telefónica is transformed to prove operative in the new telecommunications scenario, conditioned by strong competition between companies that have joined omnipresent mastodonic rivals on the internet.

How many workers will leave? In the absence of negotiation and knowing the will of each employee over 53 years, you can not throw a figure without more. Between 4,000 and 5,000 employees meet this profile by age and, according to the provision agreed by the board of directors -1,600 million-, the casualties could be around 2,800, 11% of Telefónica España's workforce. Is this a unique case? that of Telefónica? The multinational faces the most voluminous debt of the Ibex, above 40,000 million at the end of last year. In addition, Telefónica has suffered a fall in the price of the share and is harmed by its interests in two convulsed countries like the United Kingdom United and Argentina; That said, share challenges with not a few companies in the sector. Vodafone Spain has underpinned this year an ERE for a thousand employees, of a total of 5,000.What happens to the 'telecos'? In general, prices tend to rise, but not those of telephone services. This business, deflationary in recent years, seems to move from voice to data, not forgetting accessories such as television, with football and series among its claims. Movistar +, from Telefónica, looks out that window. In the era of Facebook and WhatsApp, at no cost to the consumer, operators face an inevitable reconversion. How does the company face the readjustment? The board agreed to a provision of 1.6 billion euros. In addition, Telefónica is the Spanish number 1 company in liquidity, with 8,540 million in cash. However, the debt weighs, so the teleco has been making divestments, many of them in Latin America. Yesterday, Telefónica put another of its values ​​on the table: 50,000 telecommunications towers that are put up for sale. How much would you report this divestment? Telefónica has 130,000 towers in the world, 68,000 of them owned -18,000 of the latter as part of Telxius-. Within the new infrastructure portfolio for sale, 50,000 towers could generate 830 million in revenue.

According to the criteria of The Trust Project

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  • Telefonica
  • Spain
  • Movistar
  • Whatsapp
  • Vodafone
  • UK
  • Facebook
  • Argentina

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