The abbreviations: up to 30 thousand employees will converge in the NetCo company
There are not only the financial difficulties on the stock market Of Tim that today, after the last week’s loss of 30% of its market capitalization, has reduced today, at the end of a get on and off from chills (-10% in the start followed by a rebound of over 10% in the middle of the session), the its value by another 5.4% (at 0.236 euros per share), al new all-time low of 4.04 billion.
The CEO of Tim Pietro Labriola
On the way to the recovery plan of Pietro Labriola which has asked for patience to allow new strategies to unfold their effects and which foresees one separation of the business between ServiceCo, in which all the commercial activities with businesses and private customers in Italy and Brazil (Tim Brasil) e NetCo, where they will end up instead landline, international network (Sparkle) and wholesale activitieswe also bring the labor unions representing i 50 thousand employees of the group: the abbreviations in fact yes oppose restructuring and, given the number of employees of a group in which the Treasury subsidiary Cdp is also present, their instances will inevitably end up on the tableas well as the Mef he was born in Ministry of Development, also of Chigi.
“With the presentation of the business plan, the top management of the Tim group have definitively chosen to take the road to the demolition of the Sip-Telecom group today Tim, heir to the former monopolist”, They write Slc Cgi, Fistel Cisl and Uilcom Uil in a fiery note against Labriola’s new plan, more or less photocopy of what would be implemented by Kkr should the Americans take the helm of the company. “In the society NetCo – comment on the acronyms – the fixed network asset, the wholesale activities and the Sparkle company should merge. In the service company, there will in fact be 28 million customers, starting with the large customer market Enterprise – Top and Business, Consumer – Retail and Small-Mediummobile telephony, all the management and development of the cloud, starting from the national cloud project, theIoT with the projects of smart citiesthe cybersecurity And Tim Brasil“.
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