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Vodafone Spain has activated a Employment Regulation File (ERE) for 515 people, 12% of its current staff, and especially focused on the commercial area. The company will begin negotiations with its union representation later this month.
Vodafone justifies this file by the bad situation of the sector in our country, aggravated by the commercial fight of the sector and which has severely affected the income and accounts of the operator in Spain.
“The decision to initiate this procedure is justified for economic, productive and organizational reasons, and is encouraged by the market trend in the telecommunications sector and by the need to improve its operational performance by accelerating its digital transformation strategy,” he said. the operator.
They say that this organizational restructuring represents another step in the company’s transformation process to adapt to the market environment, “with the aim of converting Vodafone in a more digital company, agile and better prepared to compete “.
“This rebalancing in the organization proposes an adjustment in the most operational areas, commercial channels and in products and services to adapt to the market environment and reinforces its commitment to create new profiles in Vodafone Spain over the next year. In this way, intends to continue leading the transformation that the sector is experiencing in 5G, IoT, the development of infrastructures and new innovative services, as well as to promote differentiation and capture new growth opportunities “, they concluded.
Course losses
Vodafone Spain lost 432 million euros in the 2020-2021 financial year that ended on March 31 of this year, according to the data of its Annual memory published at the beginning of the course. This figure reflects a tough year for the operator, but one of reconstruction, in which it began to see the light after a model crisis.
In this way, the sum of the results of all its companies grouped under the umbrella of Vodafone Holdings Europe, S.L.U, they yielded total losses of 432,042,000 euros, reducing the red numbers of 453,547,000 euros from the previous year. This represents a reduction of 21 million euros less.
In addition, the accounts of Vodafone Holdings in the 2019-2020 academic year they reflect income of 4,166 million euros, this is slightly lower than the 4,296 million euros that a year ago they added Vodafone SAU and Vodafone ONO.
This new ERE is presented two years after the last regulatory file at Vodafone. In January 2019, a plan was presented to dismiss nearly a thousand workers, which resulted in 916 departures including 82 early retirements.
These 916 departures involved almost 18% of the 5,165 workers that Vodafone declared at the end of 2018. The original agreement was to reach up to 1,000 exits, so the ERE closed with 84 fewer exits.
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Reference-www.elespanol.com