• Telefónica Spain is centralised: it has 40% of its employees in all regions, except Madrid

Telefónica has submitted on Tuesday a new compensation proposal for the ERE that will affect almost 4,000 workers with animprovement of three percentage points on the income that will be paid to employeesonce they leave the company until they are 63 years old and two points for the salary between 63 and 65. which would force employees to retire at this age.

Thus, the new income proposal, still considered insufficient by the unions, would still be far from the 68% of the salary paid in the exit plan at the end of 2021. The new offer will pay 63% of the regulatory salary up to the age of 63 to those born in 1968.

By contrast, those born between 1965 and 1967 would receive 63% of the salary, while those born in 1964 or later, the percentage would remain at 50%. Regardless of the year of birth, everyone would receive 32% when they reached the age of 63.

The parties have called for a new meeting on 20 December in a very key week for the collective dismissal to end with an agreement between the company and the staff representatives, as has been the case on recent occasions.

On the table, there are several points of friction, such as the demand that Telefónica pay 100% of the Special Social Security Agreement, which is equivalent to the worker's contribution, until the age of 65, as well as the possibility that workers banned for working in critical areas for the company in previous Exit Plans can leave voluntarily on this occasion.

On the other hand, the unions continue to defend that the ERE should be voluntary, although the company is willing to do so forcefully. With these departures, the company seeks to optimize its cost structure and reduce its structure in Spain to concentrate it in six points: Madrid, Barcelona, Seville, Valencia, Bilbao and Valladolid