Telecom Italia SpA reported Tuesday that the company is cutting a total of 6,800 jobs by the end of 2012 as part of plans to reduce costs and improve efficiency, according to Associated Press.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
Italy's largest telephone company met Monday with unions to discuss 4,500 new job cuts under a new 2010-2012 business plan, on top of 2,300 cuts previously announced.
Telecom Italia, which has shed its noncore businesses to focus on the Italian and Brazilian markets, had more than 71,000 employees at the end of 2009. Profits last year dropped 27 percent on lower revenues.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
