MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the former phone monopoly efforts to streamline its domestic operations, sources familiar with the matter said.
Fresh plans aimed at reducing a workforce which numbers some 40,000 in Italy were discussed at a meeting with unions on Tuesday, the sources said.
Debt-crippled TIM is seeking an ambitious overhaul of its operations, which have been under pressure for years due to intense price competition in its key domestic market.
Last week the company formally launched a bidding process to sell its prized landline network assets and its submarine cable unit Sparkle.
(Reporting by Elvira Pollina; Editing by Keith Weir)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.