Telefonica cost cutting continues with 4,000 voluntary redundancies

Earlier this month Telefonica Group reported its latest quarterly results, posting a net profit of €706 million, compared to a €160 million loss at the same time last year.These latest results are in fact just a fraction of the profitable year that Telefonica is having, declaring a record €9.34 billion in net profit over the last nine months…read more on TotalTele.com »