Srinagar, Dec 10 (PTI) Police on Wednesday attached a residential house worth Rs 2 crore belonging to the father of an alleged drug peddler here, an official said. “In its relentless efforts to curb the drug menace and dismantle the infrastructure supporting illegal narcotics trade
Telefonica proposes laying off more than 5,000 workers in Spain, union says
Telefonica has proposed laying off 5,040 employees in Spain as part of a new cost-cutting strategy, impacting 41% of its Telefonica de Espana unit. This move, affecting roughly 20% of its Spanish workforce, follows a broader industry trend of consolidation and automation. The company plans further discussions with unions on Tuesday.
Telefonica has proposed laying off 5,040 people in Spain as part of cost-cutting efforts envisaged in its new strategy, trade union UGT said on Monday.
If carried out, the layoffs would affect 41% of employees in the Telefonica de Espana unit, 31% of Telefonica Moviles and 24% in Telefonica Soluciones, adding up to around 20% of Telefonica's staff in Spain of roughly 25,000.
The company is set to meet again with unions on Tuesday to present its proposal for layoffs at another four domestic units.
UGT added it had demanded that any measures adopted be structured as a strictly voluntary process based on early retirement.
The move follows a wider trend among European telecoms facing years of stagnant business and pressure to slim down, as investors push for consolidation across the sector.
Telefonica also cut about 3,400 jobs last year, which it said would reduce its costs by 285 million euros ($329 million) per year from 2025.
Automation and the withdrawal of the old copper network allow telecom companies to operate with fewer staff.
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Source: EconomicTimes
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Srinagar, Dec 10 (PTI) Police on Wednesday attached a residential house worth Rs 2 crore belonging to the father of an alleged drug peddler here, an official said. “In its relentless efforts to curb the drug menace and dismantle the infrastructure supporting illegal narcotics trade
3 months ago
