Telefónica Spain extends the four-day working day to the entire workforce |  Economy



Telefónica Spain has closed this Tuesday an agreement with the majority unions to extend to the entire workforce the working day of four days a week, with the corresponding drop in salary, although with a bonus by the company of 20%, reported carrier sources.

Tailor-made, a pioneer in Spain in a large company, the around 18,000 employees of the Spanish subsidiary of the telecommunications multinational will initially be able to take on a voluntary basis. Telefónica’s management has decided to extend the proposal after the good results obtained by the pilot test carried out since last October 1st.

Due to the so-called Bonus Flexible Weekly Hours, employees work 32 hours a week, eight hours a day from Monday to Thursday, instead of the 37.5 hours they currently work five days a week. The cut in hours is accompanied by a proportional reduction in salary, but the company discounts 20% of that discount, that is, it pays about an hour.

Now there is a period from June 9 to July 15, so that workers who choose to take advantage of the plan notify the company, since it is a voluntary plan. For these employees, the four-day shift will be effective from September 1 and will end on December 31, 2022. However, the company’s intention is to extend the formula on an annual basis from January 2023. The measure It was already included in the extension of the II Agreement of Associated Companies (CEV), agreed with the unions in 2021, so a modification of it will not be necessary. Employees already participating in the pilot program will be able to continue shortened hours in July and August if they wish.

For their part, the majority trade unions of Telefónica Spain -UGT and CC OO- have been satisfied with the extension of the formula, although they will seek to improve the bonus that the company now applies, that is, that the salary reduction be less to make the flexible working day more attractive.

Telefónica Spain has shown itself to be at the forefront of the new labor relations. After returning to the office, it allowed its employees to telecommute two days a week of teleworking and implemented a mobile work model (SmartWork) aimed at pre-sales and post-sales sales representatives and engineers, who require flexibility in their working hours, measures at that 80% of the staff received.

He knows in depth all the sides of the coin.

subscribe

Also Read:

The labor crisis in the airline sector leads to a chaotic summer at airports | companies | The USA...
The current stock market crisis has already destroyed more value of the S&P 500 than the one of 2008...
The community of neighbors will be able to leave the defaulters without a pool and demand more inter...
Biden plans to suspend the federal gas tax to combat inflation | Economy | The USA Print
How is the tax on electricity companies in other European countries | companies | The USA Print
Spain: The Government only spent 2,400 million of European funds last year | Economy | The USA Pri...
Norway rubs its hands with the energy crisis: "There are times when it's not fun to make money, and ...
A week of gas cap: neither fiasco nor panacea | Economy | The USA Print
The richest 1% concentrates 17% of the national income | Economy | The USA Print
The unions demand that the CEOE return to the salary negotiation table: "If there is no agreement, t...
Kellogg splits into three companies to accelerate growth | Economy | The USA Print
The funds give Abengoa until Friday to save itself from bankruptcy | Economy | The USA Print
The CNMV will redouble surveillance on cryptocurrency advertising at sporting events | Economy | T...
Israel Arroyo leaves the post of Secretary of State for Social Security and Pensions | Economy | T...
Elon Musk says there are three issues to be resolved to close the purchase of Twitter | Economy | ...
Airef criticizes the Government for the lack of information on the execution of European funds | Ec...
El Corte Inglés repurchases half of the shares held by the Qatari investor Al Thani for 387 million ...
Montero cools off Yolanda Díaz's proposal and advances that the surcharge on electricity companies w...