telecom italia spa-spon adr (TI) Key Developments
Telecom Italia Launches Fibre in Five More Calabria Towns
Jul 30 15
Telecom Italia has announced that it has activated fibre services in five more towns in Calabria as part of a EUR 100 million deployment in the southern region. The service is now available in Crotone, Castrovillari, Corigliano Calabro, Locri and Palmi, where customers in the connected areas will be able to access the internet at speeds of at least 50 Mbps, increasing to up to 100 Mbps in the future. The operator's fibre optic services are currently available at the promotional rates of EUR 29 per month for consumers and EUR 35 for businesses for the first 6 and 12 months respectively.
Telecom Italia Plans to Cut 1,700 Jobs
Jul 24 15
Telecom Italia has informed trade unions that it plans to lay off 1,700 workers. The announcement followed a meeting with the ministry of economic development on the operator's employment policy. The job cuts will affect customer services, directory assistance and business support, and to a lesser extent the Open Access and IT departments. It also announced the withdrawal of an earlier proposal to hire 4,000 young people over the next four years. The company had hoped to benefit from a state reform that allowed the gradual replacement of older workers with young employees, but the so-called expansive solidarity legislation has not yet taken effect. As a result, the company is not able to maintain current employment levels and must reduce labor costs.
Telecom Italia Presents Trade Unions with Plan to Redimension the Workforce and Reduce Labor Costs of Specific Divisions
Jul 24 15
Telecom Italia announced that in a meeting held July 24, 2015 at the Ministry of Economic Development, it has informed the Trade Union Organizations of the need to start negotiations about staffing levels within the Group and on the need to realign labour costs in specific divisions within the Company. In recent months Telecom Italia has been working on a plan that envisaged creating up to 4,000 new jobs for young over the next four years, following the introduction of a so called "expansive solidarity" programme. This legal provision would have enabled current employment levels to be protected, allowing progressive implementation of generational change in companies with employees of high average age, as is the case for Telecom Italia, to ensure the relevant skill sets and new expertise are met. "Expansive solidarity", which was initially put forward by the Italian Government as one of the proposals for the labor market reform, has not yet been included in the published decrees of the Jobs Act. Telecom Italia still willing to implement a project to hire young people - has decided to postpone all decisions regarding new recruitment until the Government takes the next steps on this subject. Consequently, as of July 24, 2015, the staffing issues remains and, in some divisions, also the issue of labor costs. Telecom Italia has therefore informed trade unions about a plan that envisages: for the Caring Service (Customer Services) sector, as already provided by the 2013 business plan, the move in house of the sector employees into the new subsidiary Tim Caring Srl, within a short period of time. Furthermore, excesses have been identified within the division Directory Assistance, for whom the current defensive solidarity arrangements expire in August excesses have been mostly identified also within Staff areas (in the broader sense of the term, including business support activities) and in fewer numbers in the Cross Activity business of Open Access and in Telecom Italia Information Technology. The number of redundancies communicated to the Trade Union Organizations is approximately 1,700 in the whole Telecom Italia Group. The Company is willing to further discuss with the Trade Unions to identify the needed solutions that conjugate safeguard of employment with efficient and sustainable labor cost. The parties have agreed to carry on negotiations at the Ministry over the next days.
Akamai and Telecom Italia Enter into Partnership to Offer Content Delivery and Web Optimization Solutions
Jul 21 15
Akamai Technologies, Inc. and Telecom Italia announced a partnership agreement to offer Content Delivery Network and web optimization services and solutions to Italian companies. Driven by explosive growth in digital media, the initiative includes Telecom Italia offering and marketing, within the Italian market, of Akamai's suite of services (including web acceleration and security) capable of providing optimum performance for the distribution of high-quality video and Internet content. The agreement also includes a direct connection between Telecom Italia's IP network and the global Akamai Platform. It represents an important step in how a Telco and a Content Delivery Network provider can maximize Internet infrastructure assets, enhancing the end user experience on premium content.
Telecom Italia and NBC Universal Ink Multi-Year VoD Deal
Jul 17 15
Telecom Italia has signed a multi-year agreement with NBC Universal to bring the studio's productions to its TIMvision VoD service. The deal includes hit movies such as Fifty Shades of Grey and Fast & Furious 7, as well as forthcoming blockbusters such as Jurassic World and Minions.