Euskaltel, Spain’s fifth largest operator, has announced 25 job cuts, 10 in R Cable, 7 in Telecable and 8 in Euskaltel.
It is the first move following Zegona’s takeover of the company and will probably not be the last during the restructuring of the group. Trade unions have called on the workers for a demonstration before Euskaltel headquarters to call for no more dismissals.
Meanwhile, the new CEO of the company, José Miguel García, is continuing his management purge “to simplify the negotiation structure” with the exit of 25 top executives.
In a radio interview, García said that the reorganisation of the group will give rise to a single business unit operating with three brands: Euskaltel in the Basque Country, R in Galicia and Telecable in Asturias.