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Tiscali pays late salaries to staff

Monday 16 January 2017 | 09:13 CET | News
Italian operator Tiscali has settled outstanding arrears to its staff and reached an agreement with the main unions to bring to an end the temporary lay-offs started early last year. The workforce reductions will end in February and all staff have been paid the delayed salaries, the company said in a statement. It also outlined again the pillars of its industrial and financial strategy: the agreement last June with banks to refinance debt, a contract with Huawei to build a LTE network, the sale of assets to Fastweb, FTTH access with Open Fiber, and the IT outsourcing contact with Engineering

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Categories: Internet
Companies: Tiscali
Countries: Italy
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