TIM Participacoes layoffs, on the record
Every job cut, severance charge and restructuring TIM Participacoes reported in its annual reports, 2017 to 2019, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2017 | 9,574 full-time employees | December 31, 2017 |
| 20-F for 2018 | 9,661 full-time employees | December 31, 2018 |
| 20-F for 2019 | 9,700 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryThe filing reports that the employee base fell to 9,519 employees in 2017 from 12,294 in 2016, a reduction that contributed to lower costs.
Word for word“The reduction in our employee base to 9,519 employees in 2017 from 12,294 employees in 2016 also contributed to this decrease.” 20-F for 2017
Our summaryThe filing says 2016 personnel costs fell after a reduction of about 3,200 employees tied to an organizational rightsizing and efficiency plan.
Word for word“This decrease was mainly due to a reduction of approximately 3,200 employees by December 31, 2016, a decrease of 24.5% as compared with the year ended December 31, 2015, in connection with the company’s strategic focus on organizational rightsizing and efficiency plan.” 20-F for 2017
Our summaryThe filing describes labor claims arising from the closure of customer service call centers and other restructuring, which resulted in staff terminations; the provision for these cases is recorded.
Word for word“The provision for these cases amounts to R$172,467, monetarily restated (R$81,876 as at December 31, 2016).” 20-F for 2017
Our summaryThe filing reports labor claims from former service provider employees tied in part to restructuring, especially closure of call centers and internal site processes that led to employee terminations.
Word for word“There are 6,476 labor claims filed against the Company and its subsidiaries as at December 31, 2017, (6,039 as at December 31, 2016) related to claims made by former employees of service providers in the updated amount of R$763,505 (R$678,290 as at December 31, 2016).” 20-F for 2017
Our summaryThe filing describes labor claims arising from organizational restructuring, including closure of customer service call centers, which led to termination of employees, with a provision recorded for these proceedings.
Word for word“A significant portion of this provision refers to organizational restructuring procedures, of which we highlight the closing of the activities of the call centers, as well as proceedings related to TIM’s internal sites, which led to the termination of employees.” 20-F for 2018
Our summaryThe filing reports labor claims tied to organizational restructuring, including closure of call centers and internal site terminations, in the updated amount of R$523,236.
Word for word“There were 4,654 labor claims filed against the Company and its subsidiary as at December 31, 2018 (6,476 as at December 31, 2017) related to claims made by former employees and employees of service providers in the updated amount of R$523,236 (R$763,505 as at December 31, 2017).” 20-F for 2018
Our summaryThe company restructured its small and medium business (SMB) segment, aiming to grow the overall sales force to boost mobile sales.
Word for word“· a restructuring of our SMB segment, targeting the growth of the overall sales force in order to boost mobile sales.” 20-F for 2019
TIM Participacoes has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from TIM Participacoes’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-05-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.