Type
Merger/Acquisition
Country
Italy
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

246 jobs
Number of planned job losses
Job loss
Announcement Date
12 July 2012
Employment effect (start)
Foreseen end date
31 December 2013

Description

Veneto Banca, an Italian banking group, is to cut 246 jobs by the end of 2013. The job cuts are included in a plan that envisages the merger between Veneto Banca, Banca Apulia and Carifa. The plan provides the closure of some branches and the job cuts will affect all three banks: the Veneto Banca (154 job-losses), Banca Apulia (69) and Carifa (23).

Veneto Banca group has around 6,000 employees.


Sources

  • 13 July 2012: Il Sole 24 Ore

Citation

Eurofound (2012), Veneto Banca, Merger/Acquisition in Italy, factsheet number 73913, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73913.