Type
Merger/Acquisition
Country
Spain
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61.2 - Wireless telecommunications activities

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2014
Employment effect (start)
1 June 2015
Foreseen end date

Description

Multinational telecommunications company, Vodafone is planning to launch a Redundancy Procedure affecting 1,000 employees after the merger with telecommunications company Ono in July 2014. As reported, the job reduction measure is expected to take place during the first 2015 semester, although the timeframe may be extended due to the size of the restructuring.


Sources

  • 5 December 2014: El Economista

Citation

Eurofound (2014), Vodafone, Merger/Acquisition in Spain, factsheet number 77962, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77962.