Brazilian telecom TIM not planning significant job cuts -CEO

miércoles 6 de mayo de 2015 10:01 GYT
 

SAO PAULO May 6 (Reuters) - TIM Participaçoes SA , Brazil's second-largest wireless phone company, is not planning significant job cuts as part of its program to control costs, Chief Executive Rodrigo Abreu said on a Wednesday call to discuss earnings.

On Tuesday, the Brazilian unit of Telecom Italia reported slumping first-quarter sales but steady operating profit due to tight controls on selling and marketing expenses. (Reporting by Brad Haynes; Editing by Chizu Nomiyama)