Vodafone Spain has revealed plans to cut 1,300 jobs amid the integration of cable provider Ono and intense price competition.
According to its most recent annual report, the U.K.-based telco employs approximately 5,324 staff in Spain. In the 12 months to 31 March, Vodafone integrated around 2,500 staff from Ono, which it took control of almost exactly a year ago.
"Vodafone Spain has confirmed it will commence consultations and a legal process with workers’ representatives on proposed redundancy plans affecting a maximum of 1,300 employees of Vodafone Spain and Vodaf one Ono," said the operator, in an email to Total Telecom. "The terms of the proposed redundancy plans will be defined during the 30-day consultation period which will commence on 1 September."
Vodafone’s last major round of job cuts in Spain came in early 2013, when it shed 620 staff, a consequence of a price war sparked by the recession.
Despite a recovering economy, Vodafone Spain is still grappling with fierce competition.
In the three months to 30 June, Vodafone said service revenue in Spain fell 5.5% on an organic basis to €803 million, "reflecting continued price competition across converged bundles."
