Home » Industrial relations » National industrial relations » Italy: UniCredit and union agreement on job losses and staff motivation Italy: UniCredit and union agreement on job losses and staff motivation On 04 February, one of Italy's two major banking groups, UniCredit concluded an agreement with the union organizations to manage some expected 3,900 job losses throughout Italy, as part of the bank's strategic 'Transform 2019' plan. UniCredit has also committed to hiring young workers and has agreed on measures to re-motivate its staff. The bank announced 'positive and socially responsible agreement in all the countries concerned' over headcount reductions, including in Austria and Germany. Through . Published on 09 February 2017 Ă 19h24 - Update on 10 February 2017 Ă 15h26 Resources Following tense negotiations, Italian trade unions secured a job losses deal whereby no redundancies will occur and jobs will only be lost within the framework of voluntary early-retirement departures via the sector’s Solidarity Fund mechanism (which compensates workers up to workers’ legal retirement age). It the bank’s target of 3,900 departures is reached then it in turn has agreed not to cut any other jobs until 2019,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
