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Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

Updated Dec. 4, 2023 1:44 pm ET

Telefonica proposed a workforce restructuring plan that can have an effect on 5,124 jobs in Spain as a part of its reorganization.

The Spanish telecommunications firm on Monday advised unions that it goals to implement a labor pressure adjustment plan by 2026, resulting from organizational, technical and manufacturing wants, a spokesperson from commerce union UGT advised Dow Jones Newswires.

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