MasOrange Layoffs: Spain’s Mobile Operator To Lay Off Around 795 Employees Amid Cost-Cutting Measures; Check Details
Spain's largest mobile operator, MasOrange reportedly plans to lay off around 795 employees, roughly 10% of its workforce, as part of a cost-saving. The company and unions will begin discussions about the potential job cuts on September 17.
New Delhi, September 3: Spain's MasOrange, the mobile operator, has reportedly announced to lay off around 795 employees, which is expected to be approximately 10 per cent of its workforce. MasOrange, the biggest mobile operator in Spain, is a company that is partially owned by Orange, a telecommunications company based in France. As per reports, the development comes as the company is dealing with redundancies and intends to streamline its operations. The announcement has been met with reactions from employees and unions.
As per a report of Reuters, Spain's MasOrange plans to reduce its employees by cutting up to 795 jobs, representing around 10% of its total workforce. The union UGT and the company reportedly informed about the job cuts. The decision is said to address redundancies within the company. The company was formed by the merger of Orange's local unit and Spanish competitor MasMovil, anticipates cost savings of over 490 million Euros, which is approximately USD 541.89 million annually. The company aims to achieve efficiency through the merger, which has a customer base of over 30 million mobile users. More Gaming Layoffs: Swedish Game Developer Toadman Interactive Lays Off 100 Employees To Save Costs, Says Facing Tough Period.
According to reports, after the merger, the company has identified some positions within the company that are no longer needed due to redundancies. It may result in a maximum of 10 percent of employees being affected by the layoffs. However, it is essential to note that any adjustments to the employees will likely be voluntary. Dunzo Layoffs: Reliance Retail-Backed Online Delivery Firm Lays Off 150 Employees, Assures To Pay Severance After It Secures Funding.
MasOrange and the unions will reportedly begin discussions about the potential job cuts on September 17. The negotiations between the company and the unions will play a crucial role in determining the outcome and finding a resolution that is acceptable to all parties involved.
(The above story first appeared on LatestLY on Sep 03, 2024 02:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).