Telefónica staff over 53 offered 68% of salary to stay at home

Telefónica staff over 53 offered 68% of salary to stay at home

Telefónica, the Spanish telecommunications company, is paying workers over the age of 53 68% of their salary to stay at home, The Guardian reports.

The deal came to be via negotiations with trade unions. Employees have to be at the organisation for over 15 years to qualify. They must remain under contract at the company, who will carry on paying social security and private health contributions until they reach 65; this will ease the state’s output on unemployment benefits.

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