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Telefónica and the unions will meet next Thursday to close the ERE

The unions will inform Telefónica next Thursday, December 28, if they accept its final proposal on the employment regulation file (ERE), with 3,421 affected, and the new collective agreement, which includes the 36-hour work day.

A day before, the advisory bodies of UGT and CCOO will meet to ratify or not the principle of agreement reached with the company in both areas last Thursday, December 21, after a day of intense negotiations, as reported to the Efe agency. union sources.

They did so in a context marked by the announcement that the State Society of Industrial Participations (Sepi) had received the order from the Government to buy up to 10% of its capital , which will mean the return of the State to the operator 26 years later. of his departure , with a participation that could position him as the first shareholder.

In its last meeting, Telefónica proposed a reduction by 138 in the number of people affected by the ERE, to 3,421 , in addition to improving economic conditions, both in terms of income and support.

However, the unions had linked this agreement from the beginning to the signing of the III Collective Agreement of Related Companies (CEV) in Spain , which they have been negotiating in parallel to the ERE and which they also put on track that day.

After a December of negotiations, if they finally announce an agreement on Thursday the 28th, Telefónica and the unions will sign the ERE and the new collective agreement at the beginning of 2024 , according to these sources.

Although at first Telefónica estimated the excess staff at 5,124 of the 16,0000 workers it had in Spain, its latest proposal reduced this figure to 3,421 workers , of which 2,958 are from Telefónica de España, 397 from Telefónica Móviles and 66 from Telefónica Solutions.

In the case of the economic offer, Telefónica proposed paying those born in 1968 68% of their salary until the age of 63 and 38% until the age of 65.

For those born between 1967 and 1964, the percentage is reduced to 62% of the regulatory salary until age 63 and 34% until age 65, while those born in 1963 or before will receive 52% until age 63 and 35%. up to 65 . In these last two age groups, the company will also pay a voluntary bonus of 10,0000 euros.

In addition, the listed company will offer reversibility of income, will pay the social security discount during unemployment or will pay group insurance up to age 63 , among other complementary conditions.

The period of affiliation to this ERE will be open between January 9 and February 8, 2024 , while the company will respond on February 14 and the majority of departures will occur on the 29th of that month, although they will not conclude until March 31, 2025.

If the established number is not reached, there will be forced departures , something that the unions had tried to avoid from the beginning.

Those who remain in the company will enjoy a new collective agreement that will be in force between January 1, 2024 and December 31, 2026 , with the possibility of extending it for a fourth year.

The new agreement reduces the working day from 37.5 hours per week to 36 over the next three years, at a rate of half an hour per year.

Regarding salary reviews, it establishes a salary increase of 1.5% per year, which will be reviewed with the CPI ; sets a productivity bonus for October of 300 euros with 150 euros consolidated; and preserves bienniums and seniority without limitation.

It also improves the flexible weekly working hours bonus, extends the dental policy to the three entities and establishes six days of leave without justification.

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