Vodafone Spain to axe 1,000 staff
November 23, 2018
From David Del Valle in Madrid
Vodafone Spain plans to dismiss 1,000 staff from its current 5,000 workforce as it seeks to stay afloat in the country’s competitive pay-TV market.
According to El Pais, the redundancy plan will be negotiated with the trade unions. To this end, the company will set a negotiation committee to implement the plan.
The redundancy plan comes at a time when Vodafone Spain is in a major pricing war with its rivals, Movistar and Orange, as it bids to win pay TV subscribers. To September, Vodafone has lost 108,000 pay TV subscribers, 361,000 mobile lines and 134,000 broadband customers.
Back in 2015, the company cut 1,509 workers following the acquisition of ONO.