Telefónica closes the voluntary exit plan with 2,418 accessions, 81% of the available places



A total of 2,418 workers have joined Telefónica's voluntary departure plan, whose registration period ended this Thursday, which means covering 81% of the 2,980 available places. The final adhesion is almost 300 workers below the 2,700 expected by the company, which will reduce the bill of the plan, expected by 1,500 million euros to be accounted for in the fourth quarter, according to data provided by union sources.

80% of workers born in 1967, who would leave the company receiving 68% of their salary, will leave the company, while 28% of those born after 1966 have also decided to join.

This second group has a lower enrollment percentage, since it is made up of many workers who already had the opportunity to take advantage of an Individual Suspension Plan (PSI) before and rejected it. These will have 65% of the salary.

A total of 4,532 workers had the possibility of benefiting from this plan, which Telefónica calculates will report savings for the group of 230 million euros from 2023.

Parallel to the exit plan, Telefónica has also agreed to extend the collective agreement with a 1.5% increase in the wage bill and a bonus of 300 euros to all workers included within the scope of the agreement who were registered as of January 1, 2023.

The company will also hire 400 employees in two years and define a new flexibility model, as well as seek ways to guarantee employment in more provinces through the use of teleworking.



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