The final proposal contemplates, in particular, the voluntary departure during this year of a maximum of 1,000 workers. To this he adds that up to a maximum of 102 employees who reach 55 years of age during 2020 and accumulate 10 years of seniority in Vodafone will be able to join this process of collective dismissal. Thus, the total number of layoffs will reach a maximum of 1,102, compared to the 1,108 proposed on February 14 and the 1,200 raised in the announcement of the 2019 calendar Bank Holidays. The main improvement in this last proposal of the management is the voluntary nature of these departures. If the company’s initial offer was to accept only 30% of voluntary departures and execute the rest of the ERE through forced dismissals, Vodafone has finally acceded to the claims of the unions and has accepted that 100% of the casualties are voluntary. To do this, the company will open a deadline of February 25 to March 4 to benefit from the procedure.
2019 calendar Bank Holidays
The compensations will amount to an amount equivalent to 50 days of salary per year worked with a maximum of 30 monthly payments, with a non-compete commitment of six months. Additionally, for those workers with lower wages, in particular equal to or less than 28,000 gross euros per year, a gross supplement of 6,000 euros will be paid. Early retirement for over 55 years, which include the 102 voluntary departures of 2020, will be compensated with 85% of the fixed salary neo plus 50% of the net variable salary objective, plus the payment of the special agreement with the Security Social, up to 63, 64 or 65 years according to retirement age.
The management of Vodafone in Spain has taken this decision to make an ERE in Spain due to the poor performance of its business figures, which are burdened by the strong competition in prices in the sector and strategic decisions such as not competing in the wholesale market. The company dismisses that has to do with its decision not to offer football on its pay-TV platform, a measure that is confident that it will be profitable but that in the second half of 2018 caused a drain of customers. The president of Bankia, 2019 calendar Bank Holidays has returned to receive half a million euros in 2018 and will have, as then, option to receive a long-term variable of up to 300,000 euros, which could get a maximum of 800,000 euros in a phased manner with charge to last year.