Telecom Italia's network spin-off would put at risk 20,000 jobs
Italy's government is studying a spin-off of network assets from Telecom Italia (TIM).
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.
Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter.