Telecom Italia's network spin-off would put at risk 20,000 jobs

REUTERS
Published Nov 23, 2018, 10:38 am IST
Updated Nov 23, 2018, 10:44 am IST
Italy’s government is studying a spin-off of network assets from Telecom Italia (TIM).
30,000 TIM staff would be transferred to the new fixed-line company.
 30,000 TIM staff would be transferred to the new fixed-line company.

The plan to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put at risk 20,000 jobs, a trade union source said on Thursday.

Italy’s government is studying a spin-off of network assets from Telecom Italia (TIM). Il Messaggero daily said on Thursday 30,000 TIM staff would be transferred to the new fixed-line company together with assets - both from TIM and Open Fiber - worth 15 billion euros (USD 17 billion).

 

“Yes,” a member of telecoms union UILCOM said in answer to a question over whether the plan would risk making 20,000 people at TIM redundant. TIM currently employs around 50,000 people in Italy.

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