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

266 jobs
Number of planned job losses
Job loss
132 jobs
Number of planned job creations
Job creation
Announcement Date
26 October 2017
Employment effect (start)
1 January 2018
Foreseen end date
31 December 2020


Ubi Banca announced 398 exits and the hiring of 132 young workers in its Italian branches.

The decision was agreed with unions in the framework of negotiations concerning the effects of the 2019-2020 industrial plan and the recent acquisition of three banks (see also UBI BancaIT-2017).

The exits will be implemented on a voluntary basis, by means of incentivised early retirements.

Unions are satisfied with the agreement, as negotiations started with the intention of the bank to externalise a large number of workers (1,318), an option that was eventually avoided.


  • 26 October 2017: CentroPagina
  • 26 October 2017: Il messaggero
  • 27 October 2017: Il Sole 24 Ore


Eurofound (2017), Ubi Banca, Merger/Acquisition in Italy, factsheet number 92888, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92888.