Tuesday, March 25, 2008

Telecom Italia

Telecom Italia CEO looks to cut labour, other costs

Telecom Italia is embarking on a review of its working practices in an attempt to cut costs, according to chief executive Franco Bernabe.

Bernabe wants the company to be a 'lean organisation', and will look to reduce the group's labour costs as part of a broader rationalisation, he told the Financial Times.

Telecom Italia published a three-year strategic plan in early March.

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