Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.9 - Other financial service activities, except insurance and pension funding

142 jobs
Number of planned job losses
Job loss
Announcement Date
10 March 2011
Employment effect (start)
30 April 2011
Foreseen end date
31 December 2012


Fiditalia, a consumer credit bank, is to cut 166 jobs (out of 695) by the end of 2012. The reorganisation plan envisages the closure of 19 branches and 12 credit points in Italy. According to the company, the plan is due to the negative business and financial conditions which arose with the economic crisis. Fiditalia belongs to the group Société Générale.

On 16 June 2011, the company and the main sectoral trade unions reached an agreement that envisages 142 job-cuts rather than 166. The agreement provides for the recourse to the sectoral "solidarity fund" in order to guarantee an income support for the redundant workers.


  • 17 June 2011: Il Sole 24 Ore
  • 11 March 2011: Il Sole 24 Ore


Eurofound (2011), Fiditalia, Internal restructuring in Italy, factsheet number 71815, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71815.