Avatel proposes ERE affecting 33% of workforce amid telecom restructuring

Spanish telecom operator Avatel, controlled by Víctor Rodríguez and Inveready, has presented a new employment regulation file (ERE) that would affect 33% of its workforce. The move signals continued cost-cutting in Spain's competitive telecom sector, though the exact number of employees and financial impact remain unspecified. This is a corporate restructuring with potential market implications for Avatel's creditors and investors.