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By Andrea Figueras

Updated Dec. 4, 2023 1:44 pm ET

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.

The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This post first appeared on wsj.com

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