TIM layoffs, on the record
Every job cut, severance charge and restructuring TIM reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from 59,429 to 57,901.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2017 | 59,429 | December 31, 2017 |
| 20-F for 2018 | 57,901 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryTIM entered into a union agreement under which it can manage its workforce in line with its business plan, as part of an ongoing workforce restructuring.
Word for word“To that end, on September 7, 2015, we entered into a union agreement that provides for a number of different measures to enable us to manage our workforce in line with our business plan.” 20-F for 2016
Our summaryThe Parent began a managerial restructuring plan under agreements with unions, applying Article 4 of the Fornero Law to management staff and paying termination compensation.
Word for word“In particular, the Parent recognized expenses of overall 94 million euros, of which 75 million euros essentially relate to the start of the managerial restructuring plan linked to the ongoing revision of the company organizational structures (Agreements of June 19, 2015 and July 25, 2016) consisting of the application to management staff of Article 4, paragraphs 1-7ter, of Italian Law no. 92 of June 28, 2012, the "Fornero Law" (33 million euros) and forms of compensation related to the termination of the employment relationship (42 million euros).” 20-F for 2016
Our summaryThe Parent set aside further provisions for non-managerial personnel exits under Article 4 of the Fornero Law, per the October 27, 2015 Agreement.
Word for word“Furthermore, the Parent Company also set aside a further 17 million euros following the updating of forecast on non-managerial personnel exit in application of art. 4 paragraphs 1-7ter, of Law no. 92 of June 28, 2012, ("Fornero Law") as per the Agreement of October 27, 2015.” 20-F for 2016
Our summaryTelecom Italia Information Technology, TI Sparkle, HR Services and Olivetti allocated provisions for workforce exits, including a managerial restructuring plan at Telecom Italia Information Technology and TI Sparkle.
Word for word“In addition, Telecom Italia Information Technology (subsequently merged into TIM S.p.A), TI Sparkle, HR Services and Olivetti have allocated provisions totaling 50 million euros, essentially connected to the application of Article 4 of the "Fornero Law" for non-managerial and managerial personnel and the commencement by Telecom Italia Information Technology and TI Sparkle of a managerial restructuring plan similar to the one adopted by the Parent.” 20-F for 2016
Our summaryThe Brazil Business Unit implemented a corporate restructuring plan with recognized employee expenses.
Word for word“this effect was essentially related to the recognition of expenses from the implementation of the corporate restructuring plan initiated by the Brazil Business Unit (14 million euros), which was offset by the effects of the decrease in the average salaried workforce (1,503 average employees).” 20-F for 2016
Our summaryCorporate restructuring expenses in Italy were recognized, with the Parent and other companies facing workforce surplus management through solidarity contracts, voluntary early retirement and mobility schemes.
Word for word“In 2015, provisions totaled 446 million euros (422 million euros by the Parent, 17 million euros by Olivetti, 3 million euros by Telecom Italia Information Technology, 2 million euros by HR Services and 2 million euros by Telecom Italia Sparkle).” 20-F for 2016
Our summaryThe Brazil Business Unit's employee count fell during 2016 and the Group's workforce declined through turnover.
Word for word“Employees were 9,849 units at December 31, 2016, a decrease of 3,193 units compared to December 31, 2015 (13,042 units).” 20-F for 2016
Our summaryTIM S.p.A. signed a new agreement on voluntary dismissals, continuing its workforce restructuring efforts in 2017.
Word for word“On November 8, 2017, we signed another agreement related to voluntary dismissals.” 20-F for 2017
Our summaryTIM S.p.A. began a new company restructuring plan under the 2018-2020 Strategic Plan, including early retirement arrangements under the Fornero Law for executive and non-executive personnel, and recognized provisions for it.
Word for word“the recognition of a total of 697 million euros relating to provisions to Employee benefits and sundry expenses, of which 674 million euros were related to the commencement of the new company restructuring plan for TIM S.p.A. which will unfold over the course of the 2018 – 2020 Strategic Plan and is designed to support the digitization process by drawing on all measures provided by law.” 20-F for 2017
Our summaryTIM S.p.A. entered into a new union agreement to restructure its workforce and reduce personnel costs.
Word for word“To that end, we entered into a new union agreement on September 7, 2015.” 20-F for 2017
Our summaryWorkforce reduction in the Brazil Business Unit through turnover, with employees falling during 2017.
Word for word“Employees were 9,508 units at December 31, 2017, a decrease of 341 units compared to December 31, 2016 (9,849 units).” 20-F for 2017
Our summaryTIM signed a union agreement at the Labor Ministry to manage staff and support its 2018-2020 Strategic Plan, as part of a restructuring of its workforce to cut personnel costs.
Word for word“To that end, we have subscribed a new union agreement on June 11, 2018 at Labor Minister, where parties defined the path and a set of measures to manage the staff and support the 2018-2020 Strategic Plan.” 20-F for 2018
Our summaryTIM recorded restructuring-related expenses in 2018 as part of its net non-recurring operating expenses.
Word for word“expenses related to company restructuring processes (233 million euros);” 20-F for 2018
TIM 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’s annual reports (20-F for 2018, 20-F for 2017, 20-F for 2016) and the financial data it files with the SEC, as of 2019-04-16. 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.