Internal restructuring
Location of affected unit(s)
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
Job loss
Announcement Date
28 November 2020
Employment effect (start)
1 July 2021
Foreseen end date
1 July 2022


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.



Eurofound (2020), Banco Desio, Internal restructuring in Italy, factsheet number 102744, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102744.