Unions demand assurances in O2 takeover bid

Union leaders have been in urgent discussions with management at mobile operator 02 today, after it was announced that Spanish rival Telefonica is to make a recommended offer for O2, valuing the company at more than £17.7bn.

The Communication Workers Union (CWU) said it has been advised that there is no intention to change the business plan or direction of O2, but it warned it will be seeking written assurances that there is no adverse impact for CWU members.

The CWU said it has also received assurances that Telefonica remains committed to the pension schemes and again it will be looking for that commitment in writing.

Under the takeover plans, O2’s Isle of Man service Manx Telecom and its emergency services systems operator Airwave will also form part of the new company and will be part of the Rest of Europe division.

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