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Telefónica agrees to raise wages up to 7.5% for its global units

Date: March 24, 2023 Time: 21:00:02

Telefónica is close to finalizing the negotiations to update salaries, due to the impact of inflation. The telco has reached an agreement with the UGT unions and the Workers’ Commissions for a wage increase of up to 7.5% from which the workers of the so-called Global Business Units of the Group (GBU) will benefit. In other words, those that are not covered by the Telefónica España agreement and affect employees of subsidiaries such as the corporate area of ​​Telefónica, Telxius, Fonditel, Telefónica Seguros and Telefónica Finanzas, among others.

Specifically, according to a statement from Comisiones Obreras, the agreed increase will be distributed in a tranche of 4% plus an additional 0.5% of a discretionary nature to retain talent in 2023, as well as a 2.5% increase, plus the In addition, if inflation exceeds 7.5% in the next two years, the application of a 1% linear correction factor that can be consolidated is expected to be paid in 2025.

The signing of this agreement is scheduled for March 9 and includes other benefits such as an increase to 11 euros in the food voucher and the possibility of free work on Christmas Eve or New Year’s Eve and teleworking on the day not chosen between the two.

Added to what was agreed today is the understanding reached within Telefónica España, Telefónica Móviles and Telefónica Soluciones where the company excludes 7.8% of wages, in addition to agreeing on a 300-euro bonus for the 12,800 of these janitors. Similarly, 5% salary increases and a bonus of 200 euros for the staff of Telyco, the subsidiary of its own stores, were also agreed.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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