Telecom Italia Seeks Union Deal on Layoffs by March 6 -Reuters
January 18 2018 - 12:39PM
Dow Jones News
--Telecom Italia has given unions an ultimatum: Agree to a deal
over proposed job cuts by March 6 or it will make use of
state-sponsored temporary layoff program, Reuters reports, citing a
trade-union official.
--March 6 is the date TIM is due to present a new business plan
under recently appointed CEO Amos Genish.
--The telecom is looking to cut up to 7,500 jobs in Italy
through incentivized layoffs and early retirement, Reuters reports,
citing an unnamed labor source, while also planning to add 2,000
new staff and asking all other employees to work 20 minutes less a
day.
Full story: http://reut.rs/2DMCKz6
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(END) Dow Jones Newswires
January 18, 2018 12:24 ET (17:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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