Ethics in the digital workplace
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
Monte dei Paschi, one of the oldest financial institutions in the world founded in 1472, announced the closure of 400 branches and 4,600 job cuts. This is part of the bank's 2012 - 2015 reorganization plan.
The bank will provide economic benefits for voluntary dismissals. Monte dei Paschi has around 30,000 employees.
Eurofound (2012), Monte dei Paschi, Internal restructuring in Italy, factsheet number 73805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73805.