View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 4, 1993

…OLIVETTI UNIONS SAY 2,000 MORE ARE TO GO…

By CBR Staff Writer

Ing C Olivetti & C SpA is preparing a cost-cutting plan that will cost 2,000 more jobs at its Italian plants according to union sources called to a November 22 meeting to discuss it. Before agreeing job cuts, unions say they want a clear indication from Olivetti of its industrial prospects and the strategic options as it sees them. The company, which had 57,000 empoyees five years agp, is now down to 38,000, and still losing money – it made a loss of $102m in first half 1993, $395m for all 1992.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. 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.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU