Sky Italia to cut workforce by 25% in four year plan: sources

Sky parabolic antennas are seen on roof of the Sky Italia buildings on the outskirts of Milan, Italy

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.

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