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General

Wind-3 Italia planning 1,500 job cuts due to merger - report

Friday 18 November 2016 | 10:24 CET | News
Italian operators 3 Italia and Wind are planning to cut up to 1,500 jobs, equivalent to 16 percent of the workforce, following their recently-approved merger, according to unnamed sources cited by Bloomberg. The operators are now formally controlled by the joint venture created to combine their businesses after parent companies CK Hutchison and VimpelCom announced the completion of the corresponding transaction earlier this month. The new entity is set to officially begin offering services in January and has set aside up to EUR 500 million to fund voluntary redundancy packages in the first

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Categories: General
Companies: 3 Italia / Telecom Italia / Vimpelcom / Wind
Countries: Italy
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