Banco Popolare and Banca Popolare di Milano said on Monday they would shed seven percent of their 25,000 staff as they merge to create Italy's third-largest bank by assets.
Over 2,000 doctors across Italy will still go on strike tomorrow despite the government amending its budget for 2016 to allow for new doctors to be hired.
Italy’s Interior Minister, Angelino Alfano, has proposed a package of family tax cuts in a bid to boost the country’s dismal birth rate and reward people "who make babies".
Saipem, Italy’s largest oil and gas contractor, plans to shed 8,800 jobs over the next two years as part of a restructuring plan, the company said on Tuesday.
Italy’s premier Matteo Renzi has pledged to cut taxes over the next three years, including the unpopular tax on primary residences, in what he says is a “pact with Italians”.
Malta prepared on Thursday to say goodbye to power cuts thanks to an underwater cable linking it to mainland Europe, which will serve as back up if the country's power stations overload.
Italy's cabinet on Wednesday approved a 2015 budget just hours before an EU deadline, unveiling plans to increase borrowing to slash taxes by €18 billion, but promising to abide by deficit rules.
Prime Minister Matteo Renzi said simplifying Italy’s complex tax system will be his next challenge after his controversial labour reforms won the Senate’s support on Wednesday.
Italian flag carrier Alitalia's chief executive on Sunday hailed a preliminary deal with trade unions over layoffs, saying it
was a "decisive step" that he hoped would help seal a partnership with Emirates airline Etihad.
Italian Prime Minister Matteo Renzi on Thursday warned trade unions they must accept job cuts at flag carrier Alitalia as part of a deal with Gulf airline Etihad or face bankruptcy.
Prime Minister Matteo Renzi has hinted at funding cuts to Italy’s state broadcaster Rai, saying the network "must also participate" in cuts as part of the government's spending review.
Italian Prime Minister Matteo Renzi on Friday hailed a "structural revolution" after his cabinet approved a round of tax and spending cuts including a limit of five chauffeured cars per government ministry.
Italy will cap salaries at some of the country's biggest public companies, the new government of 39-year-old Matteo Renzi has announced, though some major groups will be exempt.
Italy's baby-faced new leader on Thursday defended his radical plan to shake up the country, accusing his critics of having no idea what it is like to live without enough money to treat the kids to a pizza.
The heavily indebted Alitalia is planning to scrap 1,900 jobs as part of its restructuring plan, the business daily, Il Sole 24 Ore, reported on Wednesday.
The economic crisis and soaring unemployment have forced Italians to spend less and shop more cautiously, replacing fizzy drinks and snacks with homemade produce, according to a study by Italy's chamber of commerce.
