Telecom Italia to cut 4,000 more jobs
Dec 3, 2008 | Posted by: The Associated Press | Full story: The Associated Press
Telecom Italia SpA will cut an additional 4,000 jobs by 2011 as it concentrates on core growth markets in Italy and Brazil to confront the deteriorating economic situation, CEO Franco Bernabe said Wednesday.
The 4,000 job cuts are in addition to 5,000 announced in June, and will reduce Telecom Italia's work force by 14 percent from 64,000 to 55,000. Bernabe said the number of managers will be cut in half as the company seeks to simplify its organization.
Bernabe, who was presenting an update to the company's 2009-11 business plan to analysts in London, also said the company will focus on its core businesses in Italy, as a cash-generator, and Brazil, as a growth market. Bernabe said other operations could be sold under the right conditions.
Still lots of telecoms opportunities in Europe. Check out http://www.telcojobs.eu European Telecoms Jobs> to see.
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