MILAN (Reuters) – U.S. Comcast’s Italian unit SKY has told national union representatives it plans to reduce its total workforce, including contractors, by 25% under a four year reorganization plan, two sources familiar with the matter said on Friday.
The cuts are expected to yield savings of about 300 million euros ($356.76 million), the sources added.
Italy’s top pay TV player SKY intends to manage the redundancies on a voluntary basis through agreements with the unions, one of the sources said.
($1 = 0.8409 euros)
(Reporting by Elvira Pollina, writing by Maria Pia Quaglia; editing by Agnieszka Flak)
