Spain - Retirement in modernisation efforts - October 31, 2019

Telefonica has announced a deal with major trade unions that will offer voluntary retirement to employees. The collective bargaining agreement was agreed between Telefonica Spain and trade unions UGT and CCOO and will be valid through to December 31 2021 with the possibility of a one year extension. In addition to the offer of voluntary retirement, the deal promises an annual salary increase of 1.5% across the board and an annual bonus of €300.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) or the Head of communications at the ETUI, Mehmet Koksal
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