November 22, 2018 / 12:18 PM / 22 days ago

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

ROME (Reuters) - 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 ($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. ($1 = 0.8761 euros)

Reporting by Francesca Piscioneri, writing by Giulio Piovaccari

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below