The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Telecom Italia, Italy's leading telecommunications company, is to cut 5,000 jobs. On 4 June 2008, Franco Bernabè, CEO of Telecom Italia, has announced the reorganisation plan 2008-2010 that envisages a broad reorganisation of the business areas, with a relevant reduction of the operative costs. In particular, the plan provides for the loss of 5,000 jobs by the end of 2010.
The trade unions reacted to the company’s decision announcing several industrial actions in order to find ways to avoid the redundancies envisaged by the plan. On 19 September 2008, Telecom Italia and the sectoral trade unions reached an agreement on the redundancies included in the 2008-2010 reorganisation plan. The agreement envisages that the collective dismissals procedures will start by the end of 2010. The redundant workers will benefit by a “mobility” programme with a view to early retirement. The “mobility” allowance will be increased until the 90% of the last salary received by the redundant workers. In Italy, Telecom has around 64,000 employees.
Sources
5 June 2008: La Repubblica
5 June 2008: Il corriere della sera
20 September 2008: La Repubblica
Citation
Eurofound (2008), Telecom Italia, Internal restructuring in Italy, factsheet number 66701, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66701.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
