They return to the spotlight redundancies to be managed at Telecom Italia. The next day from presentation of quarterly accounts, the company decides to go ahead with the personnel reorganization plan, informing the unions of the imminent launch of the extraordinary redundancy fund for company reorganization (Cigs). "This morning the company informed the general secretaries that the request for layoffs procedure will start unilaterally," said Salvo Ugliarolo, general secretary of Uilcom Uil, to Ansa. Tim's letter was therefore sent to the Ministry of Labor in order to start the procedure. From the beginning of the process, the department will start 25 days of negotiations between the company, the ministry and the trade union organizations to examine alternative solutions. It is therefore foreseeable that the Cigs will become operational in June: it will last a year and will involve a total of 29.736 employees. At the end of the Cigs period, the company expects 4.500 surplus personnel to remain who will be accompanied in a non-traumatic way towards the exit, thus using the entire package of social safety nets provided for by labor laws.
HOW THE CIGS PLAN IS ARTICULATED
The procedure started by the telephone group starts from afar and that is from the month of January when it came submitted a plan to the unions which provided for 6.500 redundancies over the 2018-2020 plan, the use of so-called expansive solidarity, all to ensure 2.000 young people hired and support generational turnover within the company, determined to push on digitalisation.
"Despite the numerous opportunities for joint analysis and the willingness shown by the company to have a constructive and decisive discussion - affirms today's press release released by Tim - it has not been possible to reach a shared and adequate solution to the company's transformation challenges". Hence the decision to proceed with the CIGS "to safeguard industrial objectives".
The Cigs is expected to last 12 months starting, probably, from 18 June 2018 (about a month from today) until 17 June 2019. In total, almost 29.736 workers will be involved, who will face suspension from work for a number maximum of 26 days to be distributed on a monthly basis during the period of application and in any case in line with the needs of the reorganization programme. At the conclusion of the Cigs, the redundancies that the company expects should instead be around 4.500. But, as has been said, since they are linked to specific production contexts, they will be accompanied when they leave in a non-traumatic way using the available social safety nets. So no layoffs.
In a note sent by Tim we read that the company "started a discussion with the trade union organizations in January 2018 to identify the measures in support of the DigiTIM Business Plan and in particular to define an organic plan consistent with the objectives and targets announced ”.
“This project will be analyzed and discussed with the trade union organizations with the hope of reaching an agreement quickly”, concludes TIM.
In the conference call that Tim held today with financial analysts after the presentation of the quarterly report, the CEO Amos Genish also argued that the company will not encourage risky operations for cash and dividends and that Tim Brazil "is not for sale but we consider the consolidations ”. Genish later opened up the possibility of a landline IPO, provided Tim retains control.
