Faced with having to keep a lid on costs at a time when the sector is undergoing fierce competition and traditional business activities are in decline, TIM ( French mass media company Vivendi is TIM’s major shareholder) is implementing another new staff restructuring plan. In it are moves to combine technical unemployment and retraining for three quarters of the headcount, as well as provisions for more than 2,200 voluntary early retirements alongside more than 550 new hires in a bid to refresh the skills pool.
Signed by TIM and the SLC-Cgil, Fistel-Cisl and UIlcom trade unions at the Ministry of Labour on 05 August, the agreement uses the ‘expansion contract’ system, designed to facilitate generational renewal in large Italian groups, and which TIM has already used in recent years (c.f. article No.12538 and No.12419). Running until February 2024, this agreement concerns not only the parent company, but also the following subsidiaries; Olivetti, Noovle, Sparkle, and Telecontact Center. This agreement
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