View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 30, 1995

OLIVETTI TO LAY OFF 1,000 PEOPLE AT YEAR-END; ANOTHER 1,000 TO GO

By CBR Staff Writer

Ing C Olivetti & Co SpA will lay off 1,000 employees at the end of the year, but under a state-funded lay-off scheme, the employees will stay on Olivetti’s books for a finite period but have their salaries paid by a government entity from January. The lay-offs are usually a prelude to redundancy.The company says it is still engaged in negotiations with union representatives over the fate of 1,000 more.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU