Spain's MasOrange plans to cut up to 795 jobs, 10% of workforce
Adds comment from MasOrange
MADRID, Sept 3 (Reuters) -Spain's largest mobile operator MasOrange, which is partly owned by France's Orange ORAN.PA, plans to cut up to 795 jobs, or around 10% of the workforce, union UGT and the company saidon Tuesday.
The company which resulted of a merger between Orange's local unit and Spanish rival MasMovil earlier this year and has more than 30 million mobile customers, expects to generate synergies, or savings, of more than 490 million euros ($541.89 million) per year by the fourth year of the deal's closure.
"Since the merger, the company has identified redundancies within the workforce...It will affect a maximum of 10% of employees and will be voluntary," a spokesperson of MasOrange told Reuters.
Both MasOrange and unions will start negotiating the layoffs on September 17, UGT added.
"UGT rejects the proposal, which further contributes to the destruction of well-trained, well-paid jobs," the union said.
($1 = 0.9042 euros)
Reporting by Matteo Allievi. Writing by Emma Pinedo. Editing by Inti Landauro
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