June 25, 2020 / 1:40 PM / 17 days ago

Italy's WindTre, unions agree 300 job cuts - union official

MILAN, June 25 (Reuters) - Italy’s third biggest phone carrier WindTre has agreed with unions to cut its workforce by 300 by 2021 through voluntary schemes, including early retirement and by offering financial incentives, a union official said on Thursday.

The staff reduction is part of a wider accord which aims at avoiding potential 1,500 job losses over three years, out of a total workforce of 7,000. Under the agreement, WindTre, owned by CK Hutchison , the ports-to-telecoms arm of retired billionaire Li Ka-shing’s businesses, will in-source part of its operations, thus saving 600 jobs, Riccardo Saccone of the SLC-CGIL union told Reuters.

WindTre had no comment.

Reporting by Elvira Pollina; editing by Agnieszka Flak

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