Telecom Italia (TIM) has issued a statement denying any rumours of redundancies at the company after workers held an 8-hour strike across the country on 13 December. Trade unions called the strikes and held demonstrations in major cities to request the renewal of the national collective agreement that lapsed two years ago and to protest against “inadmissible” wage and supplementary pension cuts. TIM replied that its management was determined to handle surplus production needs by training and reskilling staff to “make a more effective use of people's skills, allowing the internalisation of high value-added activities and the development of activities related to the core business."
The company added that its 2016-18 investment strategy – to spend EUR 4.8 billion on rolling out a high-speed fixed and mobile network throughout the country – had resulted in the best quarterly result for its domestic unit since 2007.
