Restructuring events
European Restructuring Monitor (ERM)
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.
The telecommunication company Vodafone Spain has announced a reduction of 374 employees in its workforce, which is equivalent to a 10% cut in the total workforce (approximately 3800 employees).
The reason for this reduction is the transfer of these people from Vodafone Spain to Vodafone Group, the British parent company, and due to the sale of the Spanish subsidiary to the British financial group Zegona (the transfer is conditional to the successful completion of the operation). These 374 employees, primarily composed of people that perform tasks in the Spanish subsidiary but also are involved in global responsibilities within the British multinational.
These 374 employees will move to a company called Vodafone Intelligent Solutions (VOIS), and they will keep their current working conditions.
Vodafone Spain has been subject to previous internal restructuring processes in 2021 Vodafone-2021-ES and 2019 Vodafone-2019-ES
Eurofound (2024), Vodafone, Merger/Acquisition in Spain, factsheet number 200758, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200758.