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
1,000 jobs Number of planned job losses
Announcement Date
23 November 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2014
Description
Banca Nazionale del Lavoro (BNL), an Italian banking firm, is to cut 1,000 jobs by the end of 2014. The new reorganisation plan also inhibits the opening of 40 of 50 new branches previously announced. According to the bank, the curb of costs is mainly due to the recent worsening of the global financial and economic situation.
In the next months, negotiations with trade unions will start with the aim to find adequate measures to reduce the negative social effects caused by the new reorganisation plan.
In Italy, BNL has around 14,000 employees.
Sources
24 November 2011: Il corriere della sera
Citation
Eurofound (2011), Bnl, Internal restructuring in Italy, factsheet number 72783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72783.
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