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

600 jobs
Number of planned job losses
Job loss
Announcement Date
3 April 2019
Employment effect (start)
Foreseen end date


The bank Banca Nazionale del Lavoro (BNL) announced a restructuring plan which will entail 600 redundancies taking place nationwide.

The bank's CEO explained the decision by citing the dire conjunctural economic conditions which continue to have a negative impact on the profitability of Italian banks. In order to reduce labour costs, the bank announced the introduction of machine learning and artificial intelligence solutions, which allow to automate non-repetitive processes.

According to the trade unions, redundancies will be achieved through the use of opportunities offered by recent pension reforms and, in particular, through the voluntary early retirement schemes Quota 100 and Woman Option.



Eurofound (2019), Banca Nazionale del Lavoro, Internal restructuring in Italy, factsheet number 97531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97531.