Telecom Italia plans to cut up to 1,300 jobs in Italy this year: sources

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Telecom Italia plans to cut up to 1,300 jobs in Italy this year: sources




FILE PHOTO: The Telecom Italia logo in Milan


© Reuters / Stefano Rellandini
FILE PHOTO: The Telecom Italia logo in Milan


MILAN, Mar 8 (Reuters) – Telecom Italia (TIM) plans to cut up to 1,300 jobs in Italy this year, two union sources said on Monday, at a time when the country’s largest telephone group is reorganizing its activity in the face of the crisis. of COVID-19.

The possible cuts would affect around 3% of TIM’s 42,600 employees in Italy and will be carried out through an early retirement plan. The company is also looking into hiring new staff to bolster its digital drive, the sources said.

TIM management have informed union representatives of the plan and have indicated that the dismissals will be voluntary.

TIM could not be reached for comment.

The company had already been forced to reduce its workforce when more than 2,500 people left the group in 2020, the year in which it suffered a 7.7% loss in revenue in the domestic market, fundamental to this former telephone monopoly.

In the next three years, the group intends to double its income thanks to the development of a new cloud data unit and its cybersecurity activity, video streaming service and Internet of Things (IoT) .

(Information from Elvira Pollina; edited in Spanish by Flora Gómez and Javier Leira)

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