Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
TIM, a company operating in the telecommunications sector in Italy, has reached an agreement with the main trade unions for 2,000 voluntary redundancies in 2023. These voluntary departures will be facilitated through an early retirement scheme, allowing employees to retire earlier than scheduled. During this period, the employee will receive a substitute pension payment, as well as the associated contributions, until they meet the minimum eligibility requirements and age for pension benefits.
The agreement aims to balance the number of women taking early retirement by hiring an equal amount of female employees. The early retirement mechanism can be employed for a maximum of 6 years by male employees and 7 years by female employees. However, for professionals such as technicians and designers, the limit is set at 4.5 years. Leveraging the extended opportunity for early retirement up to 7 years until November 2026, this arrangement also encompasses specific recruitment in the areas of on-field work and network design.
Trade unions have expressed positive views on the successful outcome of the agreement, but they have also emphasised the need for increased monitoring by the Ministry through the establishment of ministerial roundtables.
Eurofound (2023), Tim, Internal restructuring in Italy, factsheet number 108672, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108672.
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