Internal restructuring
Location of affected unit(s)
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
Job loss
Announcement Date
23 November 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2014


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.


  • 24 November 2011: Il corriere della sera


Eurofound (2011), Bnl, Internal restructuring in Italy, factsheet number 72783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72783.