Spinning-off network assets from Telecom Italia (TIM) risks 20k jobs

Italy’s government is weighing the pros and cons of spinning-off the fixed-line network of former telecoms monopolist Telecom Italia.

On Friday, a source within telecoms union UILCOM disclosed, plans to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put 20,000 jobs at risk.

At present, the Italy’s government is weighing its options to spin-off of network assets from Telecom Italia (TIM).

On Thursday, Italian news daily ‘Il Messaggero’ stated 30,000 TIM workers would be transferred to the new fixed-line company along with assets from both TIM and Open Fiber, worth $17 billion (15 billion euros).

In an answer to a question whether the plan would risk the job of 20,000 people at TIM, a member from telecoms union UILCOM stated “Yes,”

TIM currently employs nearly 50,000 people in Italy.

($1 = 0.8761 euros)

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