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General

TIM fails to reach deal with unions on job cuts - report

Thursday 1 March 2018 | 12:10 CET | News
Telecom Italia (TIM) has failed to reach an agreement with trade unions over plans to cut its 60,000-strong domestic workforce by around 6,500, reports business daily Il Sole 24 Ore. The company met with unions last month and hoped to finalise a deal before the publication of its full-year results on 06 March but has now postponed meetings until 13 March. TIM will also be unveiling its latest business plan on 06 March and wants to implement a new human resources strategy to reduce the average age of the company's workforce and bring in new ideas as well as saving some EUR 400 million a year.

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