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General

TIM Brasil to cut 1,000 jobs by March - report

Thursday 11 February 2016 | 16:33 CET | News
TIM Brasil plans to eliminate about 8 percent of its workforce in a first step to lower costs and improve efficiency, two people familiar with the matter told Bloomberg. The staff reduction would involve about 1,000 full-time white-collar positions by the end of March. Parent company Telecom Italia intends to announce details of the cost reductions to unions as early as 16 February. The project also includes the creation of a business unit for TIM Brasil's 180 retail shops, which employ about 2,000. The Brazilian unit's reorganization will be discussed by the board of Telecom Italia on 15

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Categories: General
Companies: Telecom Italia / TIM Brasil
Countries: Brazil
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