MásOrange rules out proposing an ERE to the 'teleco' staff

MásOrange will be the official name of the new joint venture created by the merger of Orange and MásMóvil, as announced this morning at an event headed by Meinrad Spenger, the CEO of the joint venture and in which Ludovic Pech also participated, the CFO (general director of finance) and Germán López , the COO, (general director of operations). MásOrange , which will use +O as its logo, has brought together more than 3,000 employees at the Wizink Center in Madrid (an event that was followed by approximately another 2,000 remote workers via the Internet) to begin the journey of the new merged company that creates the first operator of telecommunications in Spain, by customer volume, since it will have 7.33 million fixed broadband users (compared to Movistar’s 5.93 million) and 30.2 million mobile telephone customers, versus 20, 1 million from Movistar.

Spenger announced yesterday the new leadership of the company, made up of an executive committee of eight members, of which four come from MásMóvil and four from Orange and a broader management committee, with twenty members in total, of which eleven come from MásMóvil and 9 from Orange.

In his words to the more than 3,000 employees gathered at the Madrid event – who have been joined by another 2,000 via telematics – Spenger has tried to reassure the staff by highlighting that MásOrange does not plan to launch an ERE (Regulation File of Employment), which does not mean that other alternative workforce reduction processes are not contemplated, via other mechanisms such as early retirement or incentivized sick leave.

The employees of the former MásMóvil , who worked at a headquarters in Alcobendas (Madrid), will move to the Finca Business Park, in Pozuelo de Alarcón (Madrid), where the Orange headquarters is located, according to what management has communicated to employees and have revealed the sources.

Over the next two months, the company’s organizational chart will be closed and, in the meantime, employees will maintain their role unless otherwise instructed.

SOURCE