Italy -Deal on job cuts after difficult negotiations -July 01, 2014

The bank UniCredit has reached a deal with unions to cut 2,400 jobs in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan.

The bank UniCredit has reached a deal with unions to cut 2,400 jobs in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan. The country's biggest bank by assets announced in March 2014 that it aimed to cut around 8,500 jobs by 2018 - nearly 6 percent of its workforce - including more than 5,700 in Italy. UniCredit agreed, as part of the deal, to hire 800 young people and put 670 existing apprentices on permanent contracts, while talks on the remaining job cuts foreseen in the plan will continue.

English: http://www.theguardian.com/business ...    

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


News Archive

Loading...