Banca Popolare di Bergamo (Bpb Spa)

Type
Merger/Acquisition
Country
Italy
Region
Nord-Ovest; Lombardia;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
231 jobs
Number of planned job losses
Job loss
Announcement Date
14 March 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 January 2006

Description

The Banca Popolare di Bergamo will join the group Banche Popolari Unite on the 1st of July 2003. All the 1289 workers will be employed in the new group, but the number of workers will be decreased by 231 unities in three years.

Sources

Citation

Eurofound (2003), Banca Popolare di Bergamo (Bpb Spa), Merger/Acquisition in Italy, factsheet number 58941, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58941.