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General

Telecom Italia to cut 7,500 jobs, hire 2,000 by 2020 - report

Friday 19 January 2018 | 10:35 CET | News
Telecom Italia (TIM) has informed trade unions that it plans to cut its 60,000-strong domestic workforce by 7,500 via incentivised layoffs and early retirement by 2020. The company also wants to recruit 2,000 new staff and fund their contracts by reducing the working hours of its remaining employees by 20 minutes a day, according to union sources cited by Reuters. The aim is to save some EUR 400 million a year, according to analysts. At the end of 2015, the group negotiated a number of so-called solidarity contracts with unions, under which employees agreed to work less on condition that

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Categories: General
Companies: Telecom Italia / TIM
Countries: Italy
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