Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Sector
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.92 - Other credit granting

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

Description

The Italian company doBank, active in the financial services sector and, more specifically, in the management and recovery of non-performing loans on behalf of banks and industries, announced redundancies for 160 out of its 1,214 employees. 

Redundancies will take place through mandatory early retirements and collective dismissals. 

The company's decision provoked a rupture in the negotiations with trade unions, which defined doBank's behaviour as not in line with the sector's industrial relations tradition, and announced they will oppose this decision.


Sources

Citation

Eurofound (2019), doBank, Internal restructuring in Italy, factsheet number 97578, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97578.