Overview
- The statutory consultation closed Wednesday with a preliminary agreement that still requires workforce ratification.
- The deal reduces the initial plan of up to 1,200 redundancies to 920 across Spain, comprising 791 in Barcelona and 129 in Madrid.
- Severance terms provide 38 days of pay per year of service capped at 24 months, with a minimum payout of about €7,000.
- Affected employees would shift to paid leave now and formally exit beginning in February 2026, with medical coverage maintained through March.
- The cuts target office functions such as customer service, translation, commercial and technology, exclude logistics staff, and align with a global restructuring of roughly 14,000 roles linked to AI.