Telecom Italia asks for temporary layoffs for 4,000 workers: source

Telecom Italia asks for temporary layoffs for 4,000 workers: source

Telecom Italia (TIM) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of the new 2018-20 business plan the telecoms group unveiled in March, a source close to the matter said on Thursday.

The Telecom Italy logo is seen at the headquaters downtown Milan
The Telecom Italy logo is seen at the headquaters downtown Milan, Italy, March 10, 2016. REUTERS/Stefano Rellandini /File Photo

ROME: Telecom Italia (TIM) has asked the Italian government to approve a temporary layoff scheme for 4,000 workers as part of the new 2018-20 business plan the telecoms group unveiled in March, a source close to the matter said on Thursday.

TIM had no immediate comment.

Under the state-sponsored scheme, workers remain at home for a certain period of time as the company adjusts to lower market demand, but are not laid off.

(Reporting by Alberto Sisto, writing by Agnieszka Flak, editing by Valentina Za)

Source: Reuters

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