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  3. TDE.L Share Price
  4. TDE.L Share Regulatory News
  5. Redundancy Plan Agreement

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Redundancy Plan Agreement

8 Jul 2011 08:11

RNS Number : 0352K
Telefonica SA
08 July 2011
 



In accordance with the provisions of article 82 of the Spanish Securities Market Act, TELEFĂ“NICA, S.A. ("TELEFĂ“NICA") hereby discloses the following

 

 

SIGNIFICANT EVENT

 

Yesterday, Telefónica de España, S.A.U., a Telefónica Group subsidiary, agreed a package with the unions which includes, among others, the implementation of a Redundancy Plan affecting up to 6,500 jobs. The Redundancy Plan will be presented to the employment authorities for approval.

 

TelefĂłnica will meet all the costs relating to the aforementioned Redundancy Plan.

 

 

 

Madrid, 8 July 2011.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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