Italy's Wind Tre sees potential 1,500 job losses over three years: union [Reuters]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
Company Research
Source: Reuters
Italy's Wind Tre sees potential 1,500 job losses over three years: union MILAN (Reuters) - Italian phone carrier Wind Tre could cut its workforce by more than 20% over three years, threatening as many as 1,500 jobs, a union official said on Friday, as price competition in a crowded market combine with lower margins for telecom operators. Owned by CK Hutchison ( 0001.HK ), the ports-to-telecoms arm of retired billionaire Li Ka-shing’s businesses, Wind Tre is Italy’s third-largest mobile operator, with a market share of 28.1%, according to data from Italian communication watchdog AGCOM. In a meeting with trade unions on Thursday, Wind Tre executives had told trade union representatives the company sees potentially 1,500 redundancies out of a workforce of around 7,000, Riccardo Saccone of SLC-CGIL union told Reuters. Wind Tre agreed to start negotiations with trade unions in a bid to manage the staff cuts with financial incentives, re-skilling programs and in-sourcing part of its opera
Show less
Read more
Impact Snapshot
Event Time:
CKHUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CKHUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CKHUY alerts
High impacting CK HUTCH HLD LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CKHUY
News
- Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia [CNBC]CNBC
- CK Hutchison: Stock Seems Cheap, But Could Be A Value Trap [Seeking Alpha]Seeking Alpha
- Hong Kong Tycoons Struggle in Retail as Residents Flock to China [BNN Bloomberg (Canada)]BNN Bloomberg
- CK Hutchison's Profit Drops as Inflation Rises, Trade Slows [BNN Bloomberg (Canada)]BNN Bloomberg
- CK Hutchison Warns Growth Risks Building After Profit Drops [Financial Post (Toronto, Ontario, Canada)]Financial Post