The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.19 - Other monetary intermediation
100 jobs Number of planned job losses
Announcement Date
28 November 2020
Employment effect (start)
1 July 2021
Foreseen end date
1 July 2022
Description
The banking group Banco Desio reached an agreement with the sectoral trade unions for 100 voluntary redundancies.
These voluntary dismissals will be supported by the sectoral Solidarity Fund, with an average permanence within the fund of 16 months, and will take place in two steps, on 1 July 2021 and on 1 July 2022. The agreement reduces the number of dismissals foreseen by the group, which shouls have been 125.
The bank committed to change fixed-contract employees to a more long term contract and to create, by the end of 2023, one new position for every two eliminated through the agreement.
The trade unions evaluated the agreement in a positive way.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
