The Italian government has asked Telecom Italia (NYSE: TI), which has proposed cutting 6,800 employees from its workforce, to work out a deal with the country's labor unions that have protested the layoffs.
After the union workers held a strike over the job cuts, a Reuters article citing Italian news agency reports said that the government will host a discussion between Telecom Italia and unions tomorrow.
Telecom Italia's proposed job cuts, an element of a broader company reorganization plan, includes the elimination of 3,700 positions through next June. In total, Telecom Italia plans to lay off 6,800 employees over the next two years unless it reaches an agreement to offer employees an early retirement package.
For more:
- Reuters has this article
- Bloomberg's article reports on early retirement option
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