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Telecom Italia asks for temporary layoffs for 4,000 workers: source

Reuters  |  ROME 

(Reuters) - (TIM) has asked the to approve a temporary scheme for 4,000 workers as part of the new 2018-20 plan the group unveiled in March, a source close to the matter said on Thursday.

TIM had no immediate comment.

Under the state-sponsored scheme, workers remain at home for a certain period of time as the company adjusts to lower market demand, but are not laid off.

(Reporting by Alberto Sisto, writing by Agnieszka Flak, editing by Valentina Za)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 15:06 IST