Cellnex : Cellnex to Lay Off 209 Employees

By Elena Vardon Cellnex said it reached an agreement with representatives of Retevision and Tradia workers, which will lead to 209 people being laid off. The Spanish telecommunications-infrastructure company on Friday said the agreement will be implemented over 2025-27 and will prioritize voluntary redundancies. Workers will be presented two options: an income plan and an incentivized severance plan, it said. The layoffs are linked to Cellnex's plan to focus on its core business, it added. The group employs around 2,800 people, according to its website. Write to Elena Vardon at elena.vardon@wsj.com (END) Dow Jones Newswires 03-28-25 0607ET By Elena Vardon Cellnex said it reached an agreement with representatives of Retevision and Tradia workers, which will lead to 209 people being laid off. The Spanish telecommunications-infrastructure company on Friday said the agreement will be implemented over 2025-27 and will prioritize voluntary redundancies. Workers will be presented two options: an income plan and an incentivized severance plan, it said. The layoffs are linked to Cellnex's plan to focus on its core business, it added. The group employs around 2,800 people, according to its website. Write to Elena Vardon at elena.vardon@wsj.com (END) Dow Jones Newswires 03-28-25 0607ET