Madrid, Dec 22, 2025 (AFP) - Telefonica to shed around 5,500 jobs in Spain

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2025-12-22

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. The figure represents nearly a quarter of the company's workforce in Spain, based on a Telefonica count given last year of 25,000 employees in the country. Worldwide, Telefonica employs 100,000 people. Last month, it announced last month a new, five-year strategic plan that......

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