# Telecom Italia in talks with unions on up to 2,000 job cuts in Italy
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-21
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Telecom Italia Plans to Cut 2,000 Jobs in Italy
Meta Description: Telecom Italia plans to reduce its workforce in Italy by 2,000 jobs through voluntary retirement, as part of a strategy to streamline operations and combat
URL: https://financedigest.com/telecom-italia-in-talks-with-unions-on-up-to-2000-job-cuts-in-italyhtml

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MILAN (Reuters) – Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the former phone monopoly efforts to streamline its domestic operations, sources familiar with the matter said.

Fresh plans aimed at reducing a workforce which numbers some 40,000 in Italy were discussed at a meeting with unions on Tuesday, the sources said.

Debt-crippled TIM is seeking an ambitious overhaul of its operations, which have been under pressure for years due to intense price competition in its key domestic market.

Last [week the company formally launched a bidding process to sell](https://www.financedigest.com/this-is-the-best-week-for-cash-savvy-iphone-fans-to-sell-their-6s-models.html "This is the best week for cash-savvy iPhone fans to sell their 6s models") its prized landline network assets and its submarine cable unit Sparkle.

(Reporting by Elvira Pollina; Editing by Keith Weir)


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