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 64.1 - Monetary intermediation
1,200 jobs Number of planned job losses
Announcement Date
13 March 2012
Employment effect (start)
31 May 2012
Foreseen end date
31 December 2014
Description
Banca Popolare dell'Emilia Romagna (Bper), an Italian cooperative bank, is to cut 1,200 jobs out of 11,800. The job cuts were included in the 2012-2014 industrial plan that the bank has announced at the beginning of March.
The bank is about to hold meetings with the sectoral trade unions in order to give more details on the new industrial plan and its effects on the employment levels. The trade unions and Banca Popolare will also discuss adequate measures aimed to reduce the negative social effects caused by the plan.
Sources
14 March 2012: Il Sole 24 Ore
Citation
Eurofound (2012), Banca Popolare dell'Emilia Romagna (Bper), Internal restructuring in Italy, factsheet number 73318, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73318.
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