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

295 jobs
Number of planned job losses
Job loss
Announcement Date
9 August 2013
Employment effect (start)
30 November 2013
Foreseen end date


The Italian bank Cassa di Risparmio di Ferrara (Carife) is to cut 295 jobs. Carife is based in Ferrara and is the main bank group in the city’s region.

Updated, 20-09-2013

Negotiations with the trade unions followed in September. In order to minimise adverse social effects, unions asked for alternative plans to direct dismissals including early retirement plans, holiday cutbacks or overtime schemes. After the first month of negotiations, the bank and the trade unions have reached a first agreement which envisages the use of measures, such as economic incentives for voluntary dismissals, the recourse to the sectoral Social Fund and early retirement measures, in order to reduce the negative social and economic effects for the redundant workers.

Updated, 15-10-2013 As announced, 110 employees have already accepted to participate in an early retirement scheme.


  • 15 October 2013: Il Sole 24 Ore
  • 20 September 2013: La Nuova Ferrara
  • 9 August 2013: Rassegna.it


Eurofound (2013), Cassa di Risparmio di Ferrara (Carife), Bankruptcy in Italy, factsheet number 76012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76012.