Telecom Italia in talks with unions to cut nearly 2,000 jobs in Italy
MILAN, March 21 (Reuters) – Telecom Italia (TIM) is seeking to cut up to 2,000 jobs in Italy through an early retirement plan, as part of the former monopoly’s efforts to streamline his domestic activities, sources familiar with the matter said.
The group discussed at a meeting with unions on Tuesday new plans to cut a workforce that totals some 40,000 people in Italy, the sources said.
The heavily indebted operator is seeking to reorganize its business due to years of fierce price competition in its main home market.
TIM officially launched a tender last week for the sale of its fixed network and submarine cable unit Sparkle. (Report Elvira Pollina, written by Keith Weir; French version Diana Mandiá, edited by Kate Entringer)
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