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Last week Italian telecommunications group Telecom Italia announced it would cut a further 4,000 jobs in Italy under its new business plan covering 2009 to 2011. The new initiative aims at savings of two billion euros by 2011. The group has also announced its intention to sell non-strategic operations in deals that could be worth up to 3.0 billion euros, with some observers saying the sales could affect its German operations.

In September the company reached an agreement with trade unions agreed on the first batch of 5,000 job cuts, by normal departures through the end of 2010.