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General

TIM eyeing 7,000 incentivised job cuts over 3 years - report

Wednesday 10 January 2018 | 09:22 CET | News
Telecom Italia (TIM) is considering cutting up to 7,000 jobs in Italy via incentivised layoffs and has set aside around EUR 700 million to pay for early retirements and voluntary buyouts, according to unnamed sources cited by Bloomberg. The company has already begun informal discussions with unions to find ways of reducing labour costs while remaining in compliance with Italian law, said the sources, adding that the group wants to reduce its 60,000-strong domestic headcount through about 4,000 early retirements and about 3,000 voluntary buyouts by 2020.

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