France Telecom is to set aside up to €1bn ($1.5bn) to help ease tension among its French workforce after the suicides of 25 of its employees since the beginning of last year.
The money is to be earmarked to a scheme allowing staff aged 57 or older – who are considered the most susceptible to stress induced by the group's constant reorganisation – to work part-time while maintaining pay.
Gervais Pellissier, finance director, said that the final cost of the scheme would depend on its terms and take-up, which were being negotiated with the unions. Asked whether it could amount to €1bn, he said: “That order of magnitude is not fundamentally far off our working hypothesis.”
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