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 - Financial service activities, except insurance and pension funding
144 jobs Number of planned job losses
Announcement Date
19 June 2009
Employment effect (start)
1 July 2009
Foreseen end date
31 December 2009
Description
Interbanca, a commercial bank which assists medium sized companies, is to cut 144 jobs in Italy by the end of 2009. The job-cuts are included in a reorganisation plan announced by the company in June 2009.
The trade unions have announced some industrial action over the next few months.
Interbanca belongs to the GE Capital. General Electric (GE) is a global infrastructure, finance and media company. It currently employs 285 workers in Italy.
Sources
20 June 2009: Il Sole 24 Ore
Citation
Eurofound (2009), Interbanca, Internal restructuring in Italy, factsheet number 69200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69200.
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