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
New offshoring locations
Italy, Romania
280 jobs Number of planned job losses
Announcement Date
1 February 2024
Employment effect (start)
1 January 2025
Foreseen end date
Description
A subsidiary of UniCredit based in Vienna, UniCredit Services, to which Bank Austria also belongs, is to be closed by the end of the year. Therefore, 280 jobs will be terminated.
The company has registered the employees for dismissal to the early warning system of the Austrian Public Employment Service. The division in Vienna is going to be outsourced to Romania and Italy. Some employees were given the option of relocating to Italy. The company's spokesperson stated that they are in dialogue with the works council.
According to a UniCredit spokesperson, UniCredit Services is an IT company that is being dissolved as part of the company's digital transformation.
Eurofound (2024), UniCredit Services, Offshoring/Delocalisation in Austria, factsheet number 200765, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200765.
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