The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Information Communication Services Telecommunications 61.20 - Wireless telecommunications activities
240 - 252 jobs Number of planned job losses
Announcement Date
16 December 2021
Employment effect (start)
Foreseen end date
Description
Cellnex, the Spanish wireless telecommunications infrastructure and services company, has reached an agreement on a collective redundancy plan with the worker's representatives of its subsidiaries Retevisión, Tradia and On Tower. The agreement will affect between 240 and 252 employees and will be voluntary redundancies. On the one hand, those affected workers who reach 57 years of age or older in the period 2022-2025 with at least seven years of seniority in the company will receive 75% of their net salary until the age of 65. The rest of those affected employees will receive a compensation equivalent to the salary of 45 or 33 days per year worked with the maximum legal ceiling.
Cellnex has accelerated in recent years its transition from the traditional business of signal distribution in the audiovisual segment to the field of mobile phone tower management. This has led to the recruitment of new professional profiles and the implementation of automation processes.
Eurofound (2021), Cellnex, Internal restructuring in Spain, factsheet number 106134, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106134.
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