Telefonica invites unions for talks ahead of expected job cuts

MADRID: Spanish telecoms group Telefonica will meet union leaders next week to discuss its new strategy, the unions said on Wednesday, with the plan widely expected to involve voluntary redundancies to meet savings targets.

The three unions with most representation within the company – UGT, CCOO and Sumados-Fetico – have been invited to a November 17 meeting, UGT and CCOO representatives confirmed after local media reports.

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