Restructuring events
European Restructuring Monitor (ERM)
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.
Unicredit, an Italian leading banking group, signed an agreement envisaging 2,700 exits, and 500 new hirings.
The staff reduction is part of the 2015-2018 business plan, entailing overall 5,100 redundancies. Unicredit and unions already reached an agreement over 2,400 redundancies and 800 new hirings in June 2014 (see UnicreditIT-2014) and underwrote to negotiate further 2,700 layoffs in 2015.
Negotiations have now been concluded, entailing 2,700 incentivised early dismissals and a turnover to take place mainly by means of 500 new apprenticeship contracts, and by retaining 450 apprentices.
Discussions are still ongoing for the further 540 dismissals announced by the company in the late 2015 (see UnicreditIT-2015).
Eurofound (2016), Unicredit, Internal restructuring in Italy, factsheet number 86506, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86506.
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