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TI Telecom Italia S.P.A. New

5.63
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Telecom Italia S.P.A. New NYSE:TI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.63 0.00 01:00:00

Telecom Italia Seeks Union Deal on Layoffs by March 6 -Reuters

18/01/2018 5:39pm

Dow Jones News


Telecom Italia (NYSE:TI)
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--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

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

January 18, 2018 12:24 ET (17:24 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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