Spain’s largest mobile operator, MasOrange, announces plans to cut up to 795 jobs following its merger with MasMovil, as part of efforts to achieve cost synergies.
Bollywood Fever: Spain‘s largest mobile operator, MasOrange, which is partially owned by France’s Orange, announced plans on Tuesday to cut up to 795 jobs, representing about 10% of its workforce.
The move comes as the company, formed from the recent merger between Orange’s local unit and Spanish rival MasMovil, seeks to streamline operations and achieve significant cost savings.
With over 30 million mobile customers, MasOrange aims to generate more than 490 million euros ($541.89 million) in annual savings by the fourth year following the merger’s completion.
A spokesperson for MasOrange explained that the job cuts are part of the company’s efforts to address redundancies identified within the workforce since the merger. “It will affect a maximum of 10% of employees and will be voluntary,” the spokesperson told Reuters.
The company and the unions will begin negotiations regarding the layoffs on September 17.
However, the UGT union has already expressed strong opposition to the plan. “UGT rejects the proposal, which further contributes to the destruction of well-trained, well-paid jobs,” the union stated.
The planned job cuts highlight the ongoing challenges faced by companies in the telecommunications sector as they navigate mergers, acquisitions, and the pursuit of operational efficiencies.
As negotiations begin, the focus will be on reaching an agreement that considers both the company’s objectives and the concerns of the affected employees.
Also Read Other Articles, Six Suspects Linked to Multiple Murders Killed in Shootout with South African Police
Turkey’s Annual Inflation Drops to 51.97% in August
Switzerland Reopens Embassy in Baghdad After 33-Year Closure