Telecom Italia may cut as many as 2,000 jobs in Italy

Telecom Italia (TIM) is seeking to cut as many as 2,000 jobs in Italy through a voluntary early retirement scheme as part of the efforts to streamline its domestic operations, Reuters news report said.
Fresh plans aimed at reducing a workforce which numbers some 40,000 in Italy were discussed at a meeting with unions on Tuesday.

Debt-crippled TIM is seeking an ambitious overhaul of its operations, which have been under pressure for years due to intense price competition in its key domestic market.

Last week, TIM launched a bidding process to sell its prized landline network assets and its submarine cable unit Sparkle.