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INPRIMATU
Mass dismissal of senior Euskaltel officials following the transfer of the company to the British Zegona
  • The British fund Zegona became the main shareholder in Euskaltel in April. A week after the opening of the new head post, 20 workers have been dismissed in management positions, so more redundancies could occur. Councillor Arantxa Tapia said in April that the British fund was committed to consensus and was not going to enter violently.
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José Miguel García Euskalteleko kontseilari delegatu berria.

The new CEO, José Miguel García, set as the first objective the “simplification”, to which mass redundancies seem to respond. According to the information disseminated by El Correo, the aim is to reduce the costs of selective waste collection. The profitability of Euskaltel is good, although in the last year it has had a downward trend.

Economic Development Counselor Arantxa Tapia said the British fund would work to achieve consensus and that they would not enter violently, “and they have fulfilled that commitment.”

According to sources from El Correo, the board of directors of the bilbaíno consistory was aware and gave its approval to the decision. Corporation Alba and Kutxabank are present on the board of directors of the entity.