Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

400 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2017
Employment effect (start)
Foreseen end date
31 December 2020


Italian banking group Banca Carige announced the dismissal of about 400 employees by the end of 2020.

The company is implementing a large restructuring plan aimed at strengthening its capital base. The plan also entails the closure of about 120 branches and the disposal of assets, including the group’s consumer credit company Creditis.

The redundancies add up to those initially announced in the 2017-2020 industrial plan for a total number of about 1,000 exits between 2017 and 2020 (see Banca CarigeIT-2016).

Unions oppose the plan and are holding assemblies. They also call for the implementation of the dismissals on a voluntary basis.


  • 14 September 2017: Il Secolo XIX
  • 28 September 2017: Il Secolo XIX
  • 3 October 2017: Rassegna Sindacale


Eurofound (2017), Banca Carige, Internal restructuring in Italy, factsheet number 92279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92279.